Denmark received no bids in its largest-ever wind power tender, a major blow to European efforts to boost renewable energy and slash fossil-fuel demand.
Denmark, the birthplace of offshore wind, is seeking to triple its capacity by the end of the decade. It already boasts the world’s largest share of wind in its power grid. But that legacy hasn’t been enough to overcome the soaring costs that have stunted growth of the technology that was once one of the fastest-growing sources of green power.
Read more in Financial Post here.
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