Offshore wind – Auction designs and why PPAs are only second best

With the emergency of zero-bids and falling electricity prices, how do European auction designs affect the economics of offshore wind projects? How do governments create a fair marketplace that ensures the best value for society? Udo Schneider discusses.

In the context of zero-bids and falling energy prices, Udo Schneider shared his insight at WFO’s Offshore Wind Economic Forum on the impact of European auction designs on the economics of offshore wind farms and considerations for governments to create a fair marketplace that ensures the best value for society.