Denmark’s largest offshore wind farm tender in the North Sea receives no bids

Denmark’s largest offshore wind farm tender, launched in April 2024, received no bids, marking a setback for the global offshore wind industry. 

The tender offered six sites with a combined capacity of up to 10GW, including three in the North Sea and three in the Baltic and Kattegat. 

The Danish Energy Agency plans to engage with market participants to understand the reasons behind the lack of interest, especially considering the absence of subsidies for bidders.

Denmark’s Energy and Climate Minister Lars Aagard expressed disappointment, attributing the lack of bids to the rapidly changing conditions in Europe, including price hikes and interest rate increases. 

Danish offshore wind developer Ørsted cited an “unfavourable risk-reward balance” as its reason for not participating, noting challenges like inflation, rising interest rates, and supply chain disruptions.