Denmark Gets No Bids in Largest-Ever Offshore Wind Tender
- High costs and power price risks made auction undesirable
- Offshore wind is critical to European climate, energy strategy
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Denmark received no bids in its largest-ever wind power tender, a major blow to European efforts to boost renewable energy and slash fossil-fuel demand.
The Danish Energy Agency didn’t receive a single offer by Thursday’s deadline in the tender to develop three offshore wind farms, it said in a statement. It will now initiate a dialog with the market to find out why.