Regulatory Other

On 12 March 2019, the Danish Energy Agency announced that the political parties behind the 29 June 2018 Energy Agreement had decided that, for the Thor offshore wind farm tender, the offshore substation and export cables—previously built and operated by Energinet and financed via tariffs—would instead be included in the scope of the wind farm tender, making the winning bidder responsible for these assets and their financing, while Energinet would remain responsible only for constructing and operating the onshore grid connection to the transmission grid, to be paid for by the tender winner subject to European Commission approval. This decision changed the regulatory allocation of responsibilities for Thor’s grid connection, directly affecting the Thor export cable system.