17-11-2016 19:51 via uk.news.yahoo.com

Vattenfall sees drop in wind energy prices boosting European demand

By Robert-Jan Bartunek BRUSSELS (Reuters) - Swedish power utility Vattenfall [VATN.UL] said the falling cost of electricity from offshore wind farms will stimulate demand in Europe for more such farms, the head of the company's wind business said on Thursday. Earlier this month Vattenfall won a 600 megawatt capacity offshore wind farm at Kriegers Flak in the Baltic Sea with a winning bid to produce electricity for a price of 49.9 euros per megawatt hour (MWh). This came four months after Danish
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