Denmark disappointed after offshore wind tender draws no bids
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2024
0mins
Source: Reuters
Denmark's Offshore Wind Tender Results: Denmark's recent offshore wind farm tender in the North Sea received no bids, reflecting significant challenges in the global offshore wind industry due to rising costs and interest rates, disappointing energy officials.
Industry Response and Future Steps: Companies like Orsted have cited unfavorable market conditions as reasons for not participating, while the Danish Energy Agency plans to engage with stakeholders to understand the lack of interest and improve future tender conditions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
