Mitsubishi fended off Europeans from Japan offshore tender with bids half as high

We offered strong and economically viable bids, maintains Ørsted executive after Japan closes its first offshore wind auction, where bidding prices varied dramatically.
Photo: Ørsted
Photo: Ørsted
BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN

In recent years of European offshore wind tenders, there seems to have been near consensus among developers about what prices are supportive of projects. Most recently, this was seen in Denmark's Thor tender, where five out of six participants proposed identical bids of DKK 0.01 per kWh – even though such uniformity could be called somewhat fictitious considering that this rate was the lowest permitted offer.

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