The energy world was stunned in April when 1.38GW of German offshore wind was won at tender with zero-subsidy bids, meaning that the three projects will rely solely on the wholesale electricity price when commissioned in 2024-25.

The two winning utilities, Denmark’s Dong Energy and Germany’s EnBW, have not revealed their cost projections, but analysts have calculated that the projects’ levelised cost of energy (LCoE) is likely to be around €31 ($33.70) per MWh.

The news has led some to proclaim that the bids are a game-changer for the industry and will lead to a global boom in offshore wind around the world.