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:

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Equinor has never made this much money

The Norwegian oil giant soars skyward with its best adjusted earnings item on record following a recovery in commodity prices. Though it remains important to monitor fluctuations, CEO warns.

GE loses USD 151m from wind division

Uncertainty, supply chain pressure and delays among customers all factor into dwindling profits from onshore wind for the US-based OEM, still showing losses on offshore wind and now downgrading its full-year guidance.

Further reading

Related articles

Trial banner

Latest News

See all jobs