German onshore wind capacity targets under threat

Investor interest in Germany’s latest onshore wind tenders has improved but rising costs and continued permitting issues threaten the country’s ambitious goal of 115 GW installed onshore wind capacity by 2030.

Delayed deployment of new onshore wind capacity (the largest electricity source in Germany’s mix) via auctions might not have a significant impact on the local GO supply as the country does not assign GOs to subsidised installations.

Nevertheless, given the continuing growth of Germany’s consumer demand for green electricity, signals for deployment delays could trigger a more aggressive GO importing from the AIB or alternatively, it could spur wind investors to seek power purchase agreements (PPAs) as an alternative financing option.