BayWa r.e. and Elicio won the French AO5 competitive tender among six bidders from a total of ten prequalified consortia.

Following recent announcement of the low winning strike price of 86.45 EUR/MWh for the South Brittany area, observers are questioning the rationale behind the bid.

At Aegir, we have just published an Insights piece, modeling the developer bids for the AO5 tender and analyzing different project return scenarios where the winning strike price could become feasible and what message these results send to the floating sector as a whole.

Our modeling takes different scenarios into consideration:

🔹Aggressive turbine pricing from new Chinese entrant?

🔹Lower investment hurdle rates to gain early foothold?

🔹Cost saving potential for a 2031 project delivery?

Request to receive a complimentary copy of this insights piece here.

Or reach out to us to arrange a discussion.