Denmark’s $4 Billion Wind Sweetener Shows Industry’s New Reality

Denmark, a global leader in wind power, spent five months licking its wounds after a failed auction for offshore turbines delivered a blow to expand even further.

The government is so set on protecting the industry that it’s now offering developers huge subsidies for new wind farms. The announcement on Monday that it’s willing to fork out 27.6 billion kroner ($4.2 billion) in state aid and provide twice as much in insurance is a sign that the Nordic nation intends to hold on to its reputation as the sector leader despite the huge cost.