Offshore grid delays 'damaging Germany more than feared'

The grid delays affecting Germany’s emerging offshore wind sector are more damaging than initially feared and have significantly weakened the country’s competitive position, according to senior industry sources.

The inability of Dutch-owned transmission system operator (TSO) TenneT to build North Sea offshore grid links on schedule is said to be wiping out potential profits at projects under construction.

It is also tipping investor sentiment towards other markets at a time of heated competition among European countries for turbine factories and other assets that will pay dividends for decades.

The situation is “extremely serious” for the German industry, says Wolfgang Bräuer, business development manager at EnBW, the country’s third-largest utility.

From an investor’s perspective, the delays are made even…

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