🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Denmark suspends reviewing wind power projects over possible EU law conflict

Published 07/02/2023, 07:52
Updated 07/02/2023, 07:58
© Reuters. FILE PHOTO: Wind turbines are seen from the Vejers Strand beach, Jutland, Denmark, December 26, 2021. John Randeris/Ritzau Scanpix/via REUTERS
RECSI
-
ENRY
-

COPENHAGEN (Reuters) - The Danish Energy Agency has suspended reviewing existing and new applications to install new wind farms and other renewable energy projects in the country over a potential conflict with European Union law, it said in a statement late on Monday.

"The Danish Energy Agency has suspended the processing of offshore wind projects and other renewable energy projects under the open door scheme," it said.

Apart from issuing public tenders, Denmark also allows energy companies to submit unsolicited applications to install renewable energy projects under the so-called "open door scheme".

Granting permits under this programme, however, could violate EU law, it said. It did not say how many applications it was currently processing.

"It is a serious situation for the green transition and especially for the market players who are ready to invest in this form of offshore wind," Minister of Climate, Energy and Utilities Lars Aagaard, said in the statement.

Aagaard said he had reached out to the European Commission to resolve the matter.

© Reuters. FILE PHOTO: Wind turbines are seen from the Vejers Strand beach, Jutland, Denmark, December 26, 2021. John Randeris/Ritzau Scanpix/via REUTERS

"I can assure you that I will be pursuing prompt responses on behalf of those applicants who are currently left uncertain about the future of their projects," he said.

Denmark aims for a fivefold increase in offshore wind power capacity by 2030. The current permitting suspension would not affect that target, the energy ministry said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.