Three of the four winning bids in the recent German offshore wind auction for projects coming on line in 2025 were for subsidy-free power, rejecting even the comfort of a minimum reference price (MRP). By contracting to deliver energy without any MRP, the wind farm developers must be expecting to make a better return from the wholesale market price than they could under a subsidy regime.
Germany's zero-subsidy offshore wind could generate at €31/MWh: BVG
Good or bad, the German auctions will have major repercussions for the offshore industry, writes Giles Hundelby
2 May 2017 15:20 GMT
Updated
3 May 2017 7:32 GMT
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