Offshore wind becomes lucrative business • Table.Briefings

Offshore wind farm near Copenhagen in the Baltic Sea.

Offshore wind farms in Europe often no longer require government subsidies. In fact, they are so lucrative that companies pay billions for such licenses. However, a different wind is blowing in China and the UK, the world’s largest offshore markets.

In some electricity markets, offshore wind farms are now being built without government subsidies. For this reason, some countries have now allowed „negative bids“ in tenders for offshore wind farms. This means that project developers not only forego guaranteed feed-in tariffs – they even put money on top to win the bid.

Offshore wind becomes lucrative business model

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