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Denmark's Offshore Wind Power: A Fading Dream or a New Reality?
Denmark's offshore wind power scene is hitting some serious turbulence, folks. After Ørsted's staggering $4 billion loss in U.S. projects, they’re now staring down a potential four years under Trump’s anti-renewable policies. Europe, once riding high on wind energy, is now facing a saturation point, and Denmark's latest offshore auction flopped spectacularly with zero bids.
The Danish Energy Agency's rigid auction model and failure to adapt have left the country’s ambitious net-zero targets hanging by a thread. Meanwhile, Sweden’s surplus of renewable energy is strangling investment in wind power. As Denmark scrambles to regain its footing, the question remains: Is the offshore wind dream over, or just getting started?
Here’s the full scoop.