OIL TO WIND

9th June 2023

OIL TO WIND

Photo by: Bloomberg

Denmark will take stakes of 20% in new offshore wind projects, copying a successful setup used for oil licences in the previous decades. Bloomberg reports that the model will cover 6 GW of tenders planned around the Nordic country, which has a target to become carbon neutral in 2045. Expanding its fleet of offshore wind farms is vital to achieving the goal. Photograph: Bloomberg