The fact that there were only two bidders in the Netherland’s latest zero-subsidy offshore wind tender for the 759MW Hollandse Kust North zone, which Orsted last month lost to a Shell/Eneco consortium, shows that there is a limited appetite for this type of merchant exposure, the Danish utility’s boss said.
The Dutch model, where bidders are offered no subsidies and compete on a number of non-financial criteria, "is not sufficiently attractive at this point in time" Orsted chief executive Henrik Poulson said during a call on second quarter earnings.
