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.
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