The launch of dynamic bidding for new German offshore wind sites signals investor confidence in the market at a time when rising fx exchange rates and supply chain disruptions are delaying project commissioning and threatening national decarbonisation targets.
The latest auction for four non-examined sites totaling 7 GW attracted several bidders who were willing to forgo government support by placing zero-cent bids. As a result, the Federal Network Agency (BNetzA) launched on 26 June the first-to-date dynamic bidding procedure whereby the investors with the highest willingness to pay for a site will win.
Background Germany’s offshore wind sector has been slowly gathering pace since 2009 when the first project became operational thanks to generous feed-in-tariffs. In 2017, the government replaced the subsidies with competitive auctions for projects that ha…
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