In a highly symbolic first for the wind industry, a Danish developer won the right to build two large wind projects in the German North Sea – with no government subsidies. Dong Energy, the world’s largest offshore wind developer. Until now, the construction of offshore wind was possible only with government assistance. But governments have recently become much more sophisticated at designing auctions to reduce the costs of building offshore projects, and that change is forcing developers like Dong to be more efficient. Dong cited several factors that underpinned its bids. By the time the projects are completed in 2024, the company said, it expects turbine makers to offer a new generation of machines almost double the size of the largest current models, which will increase output and cut costs.
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