Germany slashes offshore wind auctions after zero bids in €10bn flop

The federal cabinet approved sweeping reforms on September 2, including two-sided contracts for difference and a decade-long extension of project lifespans, as Berlin scrambles to revive investor confidence. Developers cited rising costs, supply chain bottlenecks, and the absence of subsidies as key deterrents. Why Germany’s offshore wind sector is stalling The reforms mark a dramatic shift in Germany’s approach to offshore wind, which currently leads the EU with 10.8 GW of installed capacity. However, another 17.5 GW of awarded projects remain stuck in limbo, awaiting final investment decisions. Its managing…

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