WindEurope criticizes Germany's offshore auction design

Wind Industry Profile of

The German Parliament has adopted a new Offshore Wind Law (WindSeeG). It makes important changes to the design of Germany’s offshore wind auctions.

It established two different types of auctions, one of which involves negative bidding with no caps on the amounts developers bid. This is bad: uncapped negative bidding means additional costs for electricity consumers and the supply chain. The law also introduces some qualitative non-price criteria in the auctions. The Parliament dropped the Contracts for Difference (CfDs) that were in the original proposal. Last week the German Parliament passed a revision of Germany’s offshore wind law (WindSeeG) with important updates to their offshore wind auction design. The new design will introduce qualitative auction... ... More: Official Press Release WindEurope

Keywords:

WindEurope, Germany, auction design, WindSeeG, offshore, wind farm, bidding, supply chain, negative bidding, price, state support