Momentum planned to build a dozen new wind turbines in the offshore windpark Bockstigen along the coast of Gotland, Sweden, when the message arrived that the power cable between Gotland and mainland Sweden would not be expanded. Something had to be done.
Our CEO, Kim got surprised when he began to receive a lot of congratulations on LinkedIn. It turned out that it was his 14 year’s anniversary at Momentum. This spawned some reflections on how Momentum and the industry has developed.
The current electricity pricing of 0.02-0.03 EUR (average EEX, Nordpool) is causing enormous challenges for wind turbine owners, and if the electricity pricing continues at such low levels, it can turn into an economical disaster.