EnergyWatch

German tender brings offshore wind back down to earth

Offshore wind is a complicated thing, and this was emphasized in the second German tender, as the average price rose despite zero-subsidy bids. An unfamiliar player also joined the game.

Offshore wind prices have seen major ups and downs over the past few years. Once considered hopelessly expensive, the technology has transformed into a wonder child that politicians are increasingly supporting in order to achieve their green ambitions with huge amounts of renewable energy and no need for subsidies.

In Denmark, the country's Minister for Energy, Utilities and Climate, Lars Christian Lilleholt, recently told local media Altinget that he believes the 800 MW farm that the nation is planning to install by 2027 will be without subsidies.

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Siemens Gamesa's deep financial woes are halfway self-inflicted

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