14 Apr '17, 7am

German auction hails first subsidy free offshore wind deal

German auction hails first subsidy free offshore wind deal

Germany's first competitive auction for offshore wind projects has delivered an average bid price "far below expectations", with experts saying at least one project will deliver subsidy-free power. Leading developers DONG Energy and EnBW were amongst the big winners as Germany's federal energy markets regulator, Bundesnetzagentur, announced yesterday the average weighted price achieved through the auction of 0.44 cents per kWh was well below expectations. Related articles German auction hails first subsidy free offshore wind deal Shell prepares to set sail with offshore wind investment as consortium secures Dutch contract RWE Innogy switches renewables focus to Turkey and Ireland, as UK onshore wind development put on ice Rudd: Tackling climate change is non-negotiable The regulator said the bids demonstrated that offshore wind energy is "categorically proving its competit...

Full article: http://www.businessgreen.com/bg/news/3008455/german-aucti...

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