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Turbine owners in Denmark to launch credits sales company
1 April 1999
Denmark's wind turbine owners association -- now with over 11,000 members -- voted to support the establishment of a common sales company for "green credits" at its annual general meeting last month. Under Denmark's proposed law for electricity liberalisation, all consumers will be obliged to buy a fixed proportion of their electricity from renewables. In practice, electricity distribution companies will bid for green credits sold by renewable energy producers. The aim of the "Wind Turbine Owners Energy Company" will be to secure the best possible price for green credits in a market dominated by a few large players, said the association's Egon Eltved. Chairman Flemming Tranæs estimated the likely sales price for each kilowatt hour credit will be in the range of DKK 0.10-0.20. This will be added to a minimum market price of DKK 0.33/kWh. A steering committee will now investigate the practicalities of starting trade by January 1, 2000. Members agreed to deposit DKK 2.0 for each kilowatt of wind capacity they owned as a concrete sign of support for the new company.
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