The outcome of Germany’s 1.61GW second offshore wind tender for pre-developed sites shows two things: first, a too fast and potentially ruinous downward price spiral has been halted. Secondly, winning prices are still low enough to allow for a much more ambitious expansion of wind at sea.

After 1.38GW in offshore acreage in Germany’s first offshore wind tender last year had been won by zero bids (out of 1.49GW