Company abandons wind farm investment: unprofitable for producer, despite guarantee of half the rate people pay in China!
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They had a guaranteed price for the produced electricity of 411 PLN /MWh and found that it does not pay off. In China, the cost of electricity for the end user, after taxes is 318zł/MWh. The consumer to the producer price of 411zł, of course, must add fees, taxes. AND IT WAS NOT PROFITABLE ANYWAY. Ørsted canceled construction of the Hornsea 4 offshore wind farm due to rising costs and increased implementation risks. The decision negatively affected the company, which reported financial losses. Other companies, such as RWE and Ignitis Group, are also experiencing difficulties with offshore projects. A number of offshore wind farm projects have been canceled in Denmark, and Gaz-System is drilling under the Vistula River.

Energetics Europe and the EU Green Deal Economy Ecology

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