Electricity Industry Profiles—Denmark
The increase in electricity generation from renewables is expected to come primarily from the expansion of wind power and conversion of power plants to substitute wooden pellets as a primary fuel. In 2015, the share of fossil fuels in electricity generated was 33%; Frost & Sullivan forecasts this to be 8% by 2030. Wind power accounted for 41.5% of the electricity generation in 2015. Frost & Sullivan projects that the share would increase to approximately 60% by 2025. Frost & Sullivan expects investments of around $2.8 billion for new offshore wind developments in the country with new capacity additions of 1.4 GW expected to come online by 2021. Denmark has reduced its greenhouse gas emissions by more than 30% since 1990. With current measures in place, Frost & Sullivan estimates that emissions will be approximately 40% lower by 2020 – surpassing Denmark’s EU commitment of 34%.
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