Shell Plc is reconsidering its bid for the initial phase of the Sorlige Nordsjo II area in Norwegian waters, citing concerns over project profitability, according to Reuters.
Marianne Olsnes, Shell's Norway county manager, expressed these concerns during an energy conference, highlighting the challenging conditions of the tender process. She specifically pointed to a requirement for companies to undertake segments of the project typically handled by grid operators, which could lead to increased future electricity costs.
Shell is participating in the tender for the first phase of the Sorlige Nordsjo II area, which could accommodate between 1.4 GW and 1.5 GW of bottom-fixed offshore turbines. The company is part of a consortium with local Norwegian utilities, one of seven partnerships vying for pre-qualification to advance to the next phase of competition.
The Sorlige Nordsjo II tender, launched in March last year, has seen its deadline extended twice amid ongoing developments in the bidding process.
