EU OKs Danish Support For Thor Offshore Wind Farm Project

The European Commission has approved, under EU State aid rules, Danish support for the Thor offshore wind farm project, which will be located in the Danish part of the North Sea. The measure will help Denmark increase its share of electricity produced from renewable energy sources and reduce CO₂ emissions, in line with the European Green Deal, without unduly distorting competition in the Single Market.

Executive Vice-President, Margrethe Vestager, in charge of competition policy, said, “This Danish measure is a very good example of how Member States can provide incentives to companies to take part and invest in green energy projects, in line with EU State aid rules. The Thor offshore wind farm project will contribute to achieving the EU’s ambitious energy and climate targets set out in the Green Deal, without unduly distorting competition in the Single Market.”

Denmark notified to the Commission an aid measure, with a total maximum budget of DKK 6.5 billion (US$1.05 billion), to support the design, construction and operation of the new Thor offshore wind farm project. The project, which will have offshore wind capacity of minimum 800 Megawatt (MW) to maximum 1000 MW, will include the wind farm itself, the offshore substation and the grid connection from the offshore substation to the point of connection in the first onshore substation.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.