Merkel cabinet shocks sector with proposal for negative bidding at offshore wind auctions

The German cabinet at the same time approves a 40GW target for wind at sea by 2040 that the industry welcomes

Angela Merkel, Germany's chancellor, at the inauguration ceremony of the Arkona wind park in the Baltic Sea
Angela Merkel, Germany's chancellor, at the inauguration ceremony of the Arkona wind park in the Baltic SeaFoto: Bloomberg/Bloomberg via Getty Images
Published 3 June 2020, 14:43Updated 3 June 2020, 16:46