Denmark Positions Itself as the Flag Bearer for Wind Power

Peter Levring for Bloomberg Technology:  Denmark just set a world record for using wind power to drive its economy. Its government now predicts that anyone betting against the technology is on the wrong side of history.

As U.S. President Donald Trump’s attempts to promote coal founder, Denmark is positioning itself as the flag bearer for wind power. Danish Energy Minister Lars Chr. Lilleholt says the arguments over renewables, once driven entirely by environmental considerations, are now very much based on the economics.

“The price of wind energy is moving in one direction only, and that’s a steep downward trajectory,” Lilleholt said in an interview in Copenhagen on Thursday.

Denmark obtained 43.4 percent of its electricity from wind last year, beating its own record. The government’s goal is to derive 50 percent of the country’s entire energy consumption from renewables by 2030. Denmark is home to the world’s biggest turbine maker, Vestas Wind Systems A/S, which just raised its outlook after getting more orders than it expected in 2017. The state also holds a controlling stake in Orsted A/S, the world’s biggest operator of offshore wind parks, which this week raised its 2017 profit forecast thanks to strong winds in northern Europe.  Full Article:

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