Vattenfall to build largest wind farm in Nordics

expat network

Vattenfall to build largest wind farm in Nordics

Vattenfall has today won the tender to build Kriegers Flak, a 600 MW offshore wind farm in the Baltic Sea. The winning bid was 4.9 euro cent per kWh (37.2 Danish øre/kWh) – the lowest bid in the world. The total investment is expected to be 1.1-1.3 billion euros.

“The announcement today is a significant milestone for our strategy to reach 7 GW by 2025 and to be leading in reducing cost of energy. With the record breaking bid for Kriegers Flak we have strengthened our position as the second largest offshore player globally. And with the winning bid, we have set a new level for offshore wind and will continue to redefine the energy landscape. This is an amazing team effort and I want to thank everyone involved,” says Gunnar Groebler, Head of BA Wind.

Kriegers Flak will be Denmark’s largest offshore wind farm and can supply 600,000 Danish households with renewable energy – corresponding to more than one fifth of all households in Denmark. Vattenfall’s investment for Kriegers Flak is estimated to be 1.1-1.3 billion euros.

Peter Wesslau, Project Director for Kriegers Flak, is excited about today’s news. “We have successfully worked cross border for this project, having people in London, Kolding, Stockholm and Hamburg working on it – a great source of learning for future projects. On top of that we have also benefitted greatly from the knowledge sharing between the people working on Horns Rev 3, Borssele, Danish Near Shore and Kriegers Flak. Winning Kriegers Flak is Vattenfall’s third victory in a row in Denmark and it gives us the opportunity to be even more visible, and thereby, recruit the best people for our future tasks,” he says.

In Denmark, winning Kriegers Flak with a historically low price proves the point raised in Danish media for the last couple of months. The minority Danish Government wants to cancel Danish Near Shore, but Vattenfall and several other stakeholders and political parties have stated that with the budget assigned from the Government to Kriegers Flak, it is possible to get both Danish Near Shore and Kriegers Flak within the same budget frame – because Vattenfall has delivered very strong price bids for the two projects.

Very active in the debate is Vattenfall’s Danish Country Manager, Ole Bigum Nielsen. “With the bid we delivered for Kriegers Flak, I will be very surprised if we are not given the green light to proceed with Danish Near Shore as well. Our winning bid for Kriegers Flak today is about 59 per cent below the original cap of 90 Danish øre. And for Danish Near Shore the bid was 32 per cent below its cap. If Denmark wants to reach its climate targets cost-efficiently, it is now clear to all that we have done our part to support that,” he says and continues “Another important aspect is also the jobs at stake – the two projects together will result in thousands of jobs – and in rural areas that are very dependent on attracting this work force.”

Source: https://corporate.vattenfall.com/

http://news.vattenfall.com/en/article/vattenfall-wins-tender-denmark-s-largest-offshore-wind-farm

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.