RWE secured two sites and Luxcara one site in the latest German offshore wind auction for pre-investigated sites, repeating last year’s success when they also came out as winners (However, Vattenfall later exercised its right of entry for the N-6.6 site, and is now developing the Nordlicht II project).
The auction, which included non-price criteria, attracted minimal interest with a total of five submitted bids: one for N-9.1 and two each for N-9.2 and N-9.3 sites.
While German authorities didn’t disclose the total proceeds, RWE announced a total bid price of 250 mEUR or 63 kEUR/MW for the awarded sites. RWE’s winning bid shows a dramatic drop in willingness to pay compared to last year’s total proceeds, which amounted to 436 kEUR/MW for the combined 1.8 GW auction.
Insights on upcoming German offshore wind auction schedule
Germany is a leading offshore wind market with a robust regulatory framework and over 30 GW in operation or development. Developers can benefit from an ambitious auction schedule set to allocate 30 GW until 2032.
Get valuable insights into the German offshore wind market with Aegir Insights' new Market Playbook, released next week, offering full coverage of market and regulatory developments, including:
🔹2025-2032 auction schedule allocating 30 GW
🔹Comparison of auction results and design schemes
🔹Gauging developers’ bidding interest in the upcoming 2025 auctions including neighboring North-western markets
and more.
Reach out to us here for the latest insights on Germany and stay ahead of your competitors with Aegir Insights’ offshore wind intelligence.
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