Bank: Low prices make the US less attractive short-term
A surprisingly low price lead to Vineyard Wind's victory in the first major US offshore wind tender in Massachusetts. Meanwhile, Danish Ørsted walked away empty-handed after learning that competition is tough.
by ritzau finans
The low price for Vineyard Wind highlights that, from the very start, there is tough competition in getting a foothold in the US, a new market for offshore wind, says Sydbank's Ørsted analyst, Morten Imsgard. He does not consider it unthinkable that Danish utility Ørsted, which has thus far left the first tender round in the US empty-handed, will be rethinking its strategy.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
"It will be a case of each state for itself"
For subscribers
Vestas lands yet another order from regular US client
For subscribers
.jpg&w=384&q=75){kind=logo}
