Vattenfall Wins Horns Rev 3 Offshore Wind Project

GALWAY, IRELAND--March 6, 2015 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Swedish energy major Vattenfall AB (Stockholm, Sweden) has seen off rivals Dong Energy (Fredericia, Denmark), Statoil ASA (NYSE:STO) (Stavangar, Norway) and E.ON AG (OTC:EONGY) (Dusseldorf, Germany) to clinch the latest major offshore wind contract in Denmark which is being billed at Europe's cheapest offshore project.

The Danish government has granted Vattenfall the concession to build the Horns Revs 3 offshore windfarm, which is expected to be fully commissioned by 2020 off the country's west coast.