Offshore Wind Power 3-2 Bid Result Revealed Zero Bidding by Developers

Reported about 1 year ago

The results of the selection process for Offshore Wind Power 3-2 phase were disclosed following the pricing bid on July 8, 2024, with developers bidding zero amounts. The Ministry of Economic Affairs held the final financial and technical review meeting on July 6, where all six bidders met the basic requirements, leading to a zero bidding scenario. The process of awarding the 900MW capacity to the top bidder was closely followed by industry players. The developers included CORIO, Ørsted, CIP, SRE, Sinowell Group, and VX Energy among others. The allocation of wind farm development rights will be based on ranking scores and price competitiveness upon the conclusion of the bidding process.

Source: YAHOO

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