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CIP: Low-priced US wind project will be viable in itself

According to CIP partner Michael Hannibal, the forthcoming offshore wind farm in Massachusetts will, seen in isolation, provide solid returns despite a bid price which is lower than market expectations.

Photo: Vineyard Wind

A surprisingly low bid price secured victory for the consortium Vineyard Wind in the US's first large-scale offshore wind tender round in Massachusetts.

Several project developers in the wind energy industry, in certain situations, are reviewing an aggregated project portfolio when bids are submitted, allowing for an evaluation of whether multiple projects can in conjunction secure a solid return by utilizing synergies and economies of scale.

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