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Ørsted declines participation in Massachusetts offshore wind tender

The Danish utility will not partake in the Massachusetts' coming offshore wind tender. Analyst attributes Ørsted's decision to heavy price competition.

Photo: Ørsted

Although Ørsted normally bids in US offshore wind solicitations, that will not be the case in Massachusetts' coming tender due to intense price competition in the state tender, reports Danish business daily Børsen.

"[Our] assessment takes account of several factors such as optimization of leasing areas, how the project would fit in our existing portfolio, and our interest in maintaining financial discipline," Ørsted's press unit tells the media in an email:

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