More than 60 GW of offshore wind seabed rights or off-take contracts can be awarded this year

June 22, 2023
 | 
2 min read
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Aegir Insights recently launched our auction intelligence package for our subscribers, bringing an unprecedented overview of upcoming global auctions and more.

Key insights include:

  • Europe: A handful of mature markets such as UK, Germany, the Netherlands, Denmark and Belgium will be tendering out substantial capacity. Several of these auctions will be subsidy free and have new features to prioritize speed of deployment. On top of these speedy developments in mature markets, the European offshore wind market is expanding geographically with auctions launched in several countries new to commercial-scale offshore wind, such as Norway and Lithuania. An auction in Estonia is expected to launch any day now.
  • Americas: The states of New York, New Jersey and Massachussetts will be awarding offtake contracts for up to a combined 12.1 GW off in 2023, and BOEM will lease out seabed in the Gulf of Mexico. Colombia and potentially Brazil will look to allocate seabed as well and put South America on the offshore wind map. Uruguay is a market to watch, with ambitions to offer large offshore areas for development of offshore energy for green hydrogen.
  • APAC: Auctions in Japan and the Gippsland feasibility license round in Australia are underway. Taiwan will award 3 GW of capacity, while the yearly offtake auction in South Korea and the long-awaited lease auction in India are expected to commence later this year.

Do you want to keep up to date on the many offshore wind auctions coming around the world – what will the volumes be and when are the auctions starting?

Aegir Insights recently released our auction intelligence package for subscribers, including updated auction database and timeline. Reach out to us to learn more about our intelligence offerings. 

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Aegir Insights
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Contact

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CVR no.: 39104792

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