Climate Minister Lars Aagaard (M) confirms in an interview with Finans that the government cannot meet the previously set goals for the expansion of green energy in Denmark. However, Denmark will continue to expand renewable energy, but at a pace that reflects market conditions and the need for state support.
Denmark was supposed to deliver 5.3 GW of offshore wind in the North Sea by 2030, but this is now being cut by about half. At the same time, the target of installing at least 12.7 GW of offshore wind by the end of 2030 has been adjusted sharply downwards, as only 3.7 GW is currently either in operation or under construction, including 2.5 in the North Sea, and more will not be achieved, according to the minister. The ambitions for onshore wind and solar cells, where the goal was to quadruple the production of green electricity by 2030, are also hanging by a thread. The projects were to be established on market terms, but according to Lars Aagaard there is a risk that falling electricity prices could make the investments unprofitable.
- It's a pain, because we would like it to happen, but the reality is that we have encountered various challenges, says Lars Aagaard, and points to a lack of demand, rising costs and a slower electrification of industry as reasons why the government is now adjusting its course.
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