Swedish energy firm Vattenfall will soon begin building the largest offshore wind farm in Scandinavia – the 600 MW Danish Kriegers Flak in the Baltic Sea. When it’s complete, the project will produce the cheapest offshore wind power in the world at 49.9 euros per megawatt hour (about $54 US).

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On Thursday Vattenfall announced that it made the winning bid to build the Kriegers Flak wind farm, one of three offshore wind farms promised by the Danish Parliament as part of plans to divest from fossil fuels by 2050. Vattenvall will also be building the other two projects, which include the 406 MW Horns Rev 3and the Danish Near Shore project, with a 305 MW combined generating capacity.

Not only is the Danish Kriegers Flak the largest offshore wind farm in Scandinavia – according to Clean Technica it will also produce the world’s cheapest offshore wind power – even cheaper than the 60 euros per megawatt hour of the Danish Near Shore project, which was the lowest in the world when it was announced in September 2016. Both of these projects are significantly cheaper than the average offshore wind cost of $126 per megawatt hour announced by Bloomberg New Energy Finance earlier in November.

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“The announcement is an essential milestone for our ambition to increase our production of renewable power,” Vattenfall CEO, Magnus Hall said. “We are already the second largest offshore player globally. The winning bid of EUR 49,9 per megawatt hour proves that Vattenfall is highly competitive and brings down the costs for renewable energy.”

When power starts flowing out of the 1.3 billion euro project, it will produce enough electricity to light up about 600,000 homes in Denmark, which represents about 23 percent of all households in the country.

Via Clean Technica

Images via United Nations Photo and A_Cro, Flickr Creative Commons