Germany: Results of Latest Offshore Tender Are In

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German offshore wind auction strengthens case for accelerated build-out

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German offshore wind auction strengthens case for accelerated build-out

Official Press Release WindEurope:

Germany has announced the results of its latest offshore wind auction on Friday. Six projects won. They’ve a total capacity between them of 1.6 GW and are split evenly between the North Sea and Baltic Sea.

The lowest winning bid was €0 MW/h premium above the wholesale power price and the highest was €98.30 MW/h (total price including premium and wholesale price). The prices do not include the costs of the grid connection. The German state pays for that. The mathematical average of the six winning prices was €46.6/MWh.  Ørsted bid at €0/MWh to develop the 420 MW Borkum Riffgrund West 1 wind farm in the North Sea. Innogy won with the 325 MW Kaskasi wind farm. And Iberdrola won two projects in the Baltic Sea. ... More: Official Press Release WindEurope

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