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EnBW Energie Baden-Württemberg AG Durlacher Allee 93 76131 Karlsruhe, Germany http://www.enbw.com
Contact Ms Stefanie Klumpp +49 721 71128982385
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EnBW Energie Baden-Württemberg AG

Need for action in offshore auctions: Study proposes new approach to CfD funding

An independent study by Frontier Economics shows how the offshore funding system can be improved to efficiently achieve offshore wind energy expansion targets.

(PresseBox) (Hamburg/Karlsruhe, )
The financing of offshore wind projects is coming under increasing pressure. Rising costs and growing risks are leading to auctions in Germany and other European countries sometimes ending without any bids. This jeopardizes further offshore expansion and thus the overarching energy policy goals of affordability, security of supply and climate neutrality.

Fundamental redesign of the auction needed

In Germany, the government has postponed the offshore auction process for 2026 to the following year in order to fundamentally redesign it. At the same time, the current funding framework under the Renewable Energy Sources Act (EEG) will cease at the end of
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