WindEurope warns: future auctions must avoid negative bidding

Image: WindEuropeImage: WindEurope
Changes to unfavourable auction design with “uncapped negative bidding” needed

Official Press Release WindEurope:

German offshore auctions award 7 GW of new wind; future auctions must avoid negative bidding

Wind Industry Profile of
German offshore auctions award 7 GW of new wind; future auctions must avoid negative bidding

Yesterday Germany announced the results of its biggest offshore wind auction to date. 7 GW of new capacity were awarded. The auction design required project developers to pay for the right to build their wind farms. This uncapped negative bidding means costs will have to be passed on to consumers, and to the wind supply chain which is already struggling. This needs to change for future auctions.

Today Germany announced the winners of its 7 GW offshore wind auction for sites that were not pre-developed by the State. It was Germany’s biggest offshore wind auction to date. The auction consisted of three sites of 2 GW located in the North Sea (N-11.1, N-12.1, N-12.2) and one site of 1 GW located in the Baltic Sea (O-2.2). The winners were bp for two sites in... ... More: Official Press Release WindEurope

WindEurope, Germany, auction, bidding, negative, design, offshore, wind farm, costs, Baltic Sea, North Sea, developer

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