Wind Beats Solar In Danish Green Energy Auction

Wind emerged as the most competitive power source in Denmark’s first auction where wind and solar competed for state subsidies on equal footing to deliver power at the lowest price.

Subsidies which have underpinned the growth of renewable energy are cooling as governments around the world opt for more competitive contract tenders, favoring project developers that submit the lowest bids.

Denmark, which hopes to end green subsidies altogether before 2030, has adopted new rules under which wind and solar projects compete on equal terms in tender auctions for subsidies over the next two years to cut state support further.