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Denmark – the first nation to end all RES subsidies

Thursday, April 27, 2017


#Denmark #RES #Leader #Stop #Subsidies #Wind

Denmark

Denmark Energy Minister, Lars Christian Lilleholt, announced that the Danish government will be able to withdraw State support for clean energy “in just a few years”. According to the Minister, advances in technology and installation capabilities have reduced costs so much that it is now cheaper to generate power from RES than coal.

Denmark introduced RES subsidies 40 years ago, and now, in the near future, the Danish RES industry, lead by two of the largest RES companies worldwide – Vestas Wind Systems and DONG Energy – will be able to survive without that government aid. Indeed,  industry members foresee that the price of producing RES could fall below market electricity prices between 2020 and 2030.

Mr. Lilleholt stated that technology will help “clean energy become even more efficient” and will help Denmark achieve its national targets. It is worth noting that Denmark plans to cover 70% of its energy needs with RES by 2020, and 100% by 2050, driven by its high wind capacity. Notably, in February 2017, Denmark generated a total of 70 GWh from onshore wind and another 27 GWh from offshore wind, enough to power the entire country’s electricity needs.

This revolutionary clean energy goal is even more significant as the direction of energy policies on the other side of the Atlantic continues to be uncertain, after US President Donald Trump signed an Executive Order burying RES and promoting coal (see Hot Topic of 31 March 2017: “President Trump signs Executive Order against climate change promoting coal”).

Links:

Renewables World

Green Wire

Bloomberg