Summary

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. 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.