aerial of an offshore wind turbine

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German Regulator Awards Offshore Wind Site Tenders Worth 12.6 Billion Euros

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July 12, 2023

BERLIN/FRANKFURT, July 12 (Reuters) – Germany’s network regulator on Wednesday announced the result of its 7 gigawatt (GW) offshore wind site auctions, with total successful awardsfor four locations amounting to 12.6 billion euros ($13.96 billion).

“The results confirm the attractiveness of investments in offshore wind power in Germany,” said the president of the regulator, the Bundesnetzagentur, Klaus Mueller, calling the move an important step towards reaching a national offshore capacity goal of 30 GW by 2030.

Three sites in the tender round for building 2 GW of offshore turbine capacity are located around 120 km north west of the island of Helgoland in the North Sea and one with 1 GW lies in the Baltic Sea, some 25 km away from the island of Ruegen.

BP BP.L won the rights to develop two projects, marking its entry into offshore wind in continental Europe and representing 4 GW out of the total, it said in a separate statement.

Awards for the other two sites went to North Sea OFW N12-1 GmbH and to Baltic Sea OFW 02-2 GmbH, the regulator’s statement said, adding they included rights to develop, build and operate the plants and to receive network connections.

($1 = 0.9026 euros)

(Reporting by Vera Eckert and Rachel More, Editing by Friederike Heine)

(c) Copyright Thomson Reuters 2023.

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