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ENERGY

Denmark reserves waters for construction of wind power farms

Large areas of Danish territorial waters have been earmarked by the state for the construction of new wind farms.

Denmark reserves waters for construction of wind power farms
File photo: Henning Bagger/Ritzau Scanpix

Minister for the Environment Lars Christian Lilleholt has reserved large areas of Danish waters for future state-owned wind parks.

The decision follows recent interest by private companies in carrying out feasibility studies regarding construction of wind farms in the areas, Ritzau writes.

“Before granting away some of our best wind resources, I want to make sure we have a clear idea of how the resources can benefit us all,” Lilleholt said.

“We are taking this step to ensure money from the considerable resources in Danish waters benefits Danes,” the minister added.

Current low prices for wind energy were part of the reason for the government’s decision to take the step, Lilleholt said, adding that the strategy of reserving the potentially profitable territorial waters fitted with the ideology of the governing Liberal (Venstre) party.

“It’s good Liberal politics to ensure that Denmark owns the wind resources around Denmark. It makes sense for the money to benefit Danish society,” he said.

The minister also drew parallels between offshore wind power manufacture in Denmark and the North Sea oil industry, from which neighbouring Norway draws much of its wealth.

The areas reserved by the government are located in the Kattegat Sea as well as the North Sea.

Danish waters are among Europe’s prime wind farm locations due to the low sea depth and windy conditions.

Reservation of the areas does not mean wind farms are certain to be built there, however.

“The first step has been taken with the reservation. Next is a screening process to find the most beneficial location to place the wind farms,” Lilleholt said.

READ ALSO: German firm criticised for keeping Danish power from energy market

BUSINESS

France’s EDF hails €10billion profit, despite huge UK nuclear charge

French energy giant EDF has unveiled net profit of €10billion and cut its massive debt by increasing nuclear production after problems forced some plants offline.

France's EDF hails €10billion profit, despite huge UK nuclear charge

EDF hailed an “exceptional” year after its loss of €17.9billion in 2022.

Sales slipped 2.6 percent to €139.7billion , but the group managed to slice debt by €10billion euros to €54.4billion.

EDF said however that it had booked a €12.9 billion depreciation linked to difficulties at its Hinkley Point nuclear plant in Britain.

The charge includes €11.2 billion for Hinkley Point assets and €1.7billion at its British subsidiary, EDF Energy, the group explained.

EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns.

“The year was marked by many events, in particular by the recovery of production and the company’s mobilisation around production recovery,” CEO Luc Remont told reporters.

EDF put its strong showing down to a strong operational performance, notably a significant increase in nuclear generation in France at a time of historically high prices.

That followed a drop in nuclear output in France in 2022. The group had to deal with stress corrosion problems at some reactors while also facing government orders to limit price rises.

The French reactors last year produced around 320.4 TWh, in the upper range of expectations.

Nuclear production had slid back in 2022 to 279 TWh, its lowest level in three decades, because of the corrosion problems and maintenance changes after
the Covid-19 pandemic.

Hinkley Point C is one of a small number of European Pressurised Reactors (EPRs) worldwide, an EDF-led design that has been plagued by cost overruns
running into billions of euros and years of construction delays.

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