The high withdrawal rate in Denmark’s largest CCS tender to date raises a key question about which specific factors prevented participants from translating decarbonization ambitions into investment decisions. As such, the tender functioned not only as a support instrument but also as a test of market maturity across the CCS value chain - from capture to transport and storage.
The report identifies the most significant barriers that were important in participants' decision not to submit a final bid. The analysis is based on interviews with eight of the prequalified participants in Denmark and therefore reflects their assessment of why the bidding entity ultimately chose not to submit a final bid. Their responses shed light on both the relative importance of the barriers and participants’ views on the extent to which these barriers can be overcome in the short term.
