The company expects to invest between €1.1bn and €1.3bn in the project, pending a final investment decision.
Upon completion, the wind farm will be capable of generating enough electricity to power about 600,000 Danish households with clean energy.
Vattenfall CEO Magnus Hall said: “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. The winning bid of €49.9 per MWh proves that Vattenfall is highly competitive and brings down the costs for renewable energy.”
The wind farm is part of Denmark’s Parliament decision to change from non-renewable or fossil fuels to a completely renewable resources dependent country by 2050. As part of the agreement, it decided to build three major offshore wind farms.
The wind farms include Horns Rev 3, Danish Near Shore and Kriegers Flak. Vattenfall has won the development tenders for all the three wind farms.
The bid for Kriegers Flak allows Vattenfall to start the development of the 132 km2area in the Baltic Sea.
The area features three parts dedicated for wind power development in Germany, Sweden and Denmark.
The Swedish part of Kriegers Flak has a building permit that is due to expire in 2018.The German part has not yet been tendered.
Vattenfall will monitor Kriegers Flak from its Surveillance Centre in Esbjerg, Denmark. The centre already monitors over 1,000 turbines in Northern Europe.
Image: Vattenfall wins tender to develop Kriegers Flak offshore wind farm in Denmark. Photo: Courtesy of Vattenfall AB.
