Swedish utility Vattenfall won a bid in the tender for the giant 600MW Kriegers Flak array off Denmark with a bid of €49.90 ($55.34) per megawatt hour, the lowest-ever achieved in offshore wind.

“The announcement is an essential milestone for our ambition to increase our production of renewable power. We are already the second largest offshore player globally," Vattenfall chief executive Magnus Hall said.

"The winning bid of €49,9 per MWh proves that Vattenfall is highly competitive and brings down the costs for renewable energy."

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