Jens Christiansen offers this explanation for the absence of bids for wind leases offered in the recent Danish sale:
“The value of offshore wind energy in Denmark has declined.
The capture price remains consistently lower than the market price throughout 2024. When the wind blows, the market saturates and the capture price drops This is why the latest offshore wind tender yielded nothing.”
A related BOE post points to the sharp decline in bids for US offshore wind leases.
Bud's Offshore Energy (BOE) 