The overall purpose of the market dialogue has been to uncover what has been decisive for the companies' decision not to submit bids for the 3 GW offshore wind in the North Sea. In this connection, the Danish Energy Agency has held individual meetings with 17 companies consisting of a wide range of active developers and subcontractors, and has received written input from a number of companies.

The companies all point to the fact that the business case was not viable due to a combination of sharply rising costs and the prospect of narrowing revenue sources in the Danish electricity market. In addition, market uncertainties in particular led to an increase in risk premiums and required rates of return.

The results of the market dialogue will be included in the preparatory work with a view to opening new offshore wind procurements of 2-3 GW.

Read the Danish Energy Agency's memo “Summary of market dialogue on 3 GW offshore wind in the North Sea” (Pdf-file).