Windswept Denmark Says Wind Energy Has Become Too Expensive
Denmark’s government abandoned plans to build five offshore wind power farms Friday amid fears the electricity produced there would become too expensive for Danish consumers.
“Since 2012 when we reached the political agreement, the cost of our renewable policy has increased dramatically,” said Climate Minister Lars Christian Lilleholt, a Liberal Party politician representing the country’s minority government, according to Reuters.
The government would have had to pay $10.63 billion to buy electricity from the five wind farms — a price deemed too expensive for consumers who already face the highest electricity prices in Europe.
“We can’t accept this, as the private sector and households are paying far too much. Denmark’s renewable policy has turned out to be too expensive,” Lilleholt said.