Offshore - Renewable

Orsted welcomes Germany’s 2.5GW North Sea offshore wind auction

Orsted has welcomed key elements of Germany’s planned 2.5GW North Sea offshore wind auction, including two-sided CfDs and renewable generation targets through 2045.

CEO & Group President, Ørsted (Source: Ørsted )

14, August 2026
186 Views

Orsted has welcomed the direction of Germany’s planned 2.5GW North Sea offshore wind auction after reviewing the latest draft terms and conditions.

Chief executive Rasmus Errboe told analysts during a quarterly earnings call that the draft contained several positive elements. He highlighted Germany’s renewable generation targets of 30GW by 2030 and 70GW by 2045, as well as the return of two-sided contracts for difference.

The proposed framework would use CfDs as a support mechanism for offshore wind projects only if no company is prepared to develop a project without support.

Errboe said the introduction of CfDs in Germany was overdue and described the market as particularly attractive.

He also said there were elements of the framework that Orsted would have structured differently. The company plans to address those points as part of the market hearing.

Errboe declined to comment on the €94/MWh price caps set for the upcoming auction. He said Orsted remained pleased with the direction being taken in Germany.

Tags: CfD, Contracts for Difference, Germany Offshore Wind, North Sea auction, Offshore wind auction, Orsted, renewable energy

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

14, Oct
|

Offshore - Renewable

South Korea plans KRW 1,000tn in green transition support

Hydrogen is among South Korea’s 10 priority green industries. The K-GX strategy also targets 100GW of renewable capacity by 2030 and extends transport electrification to ports and ships.

13, Oct
|

Offshore - Renewable

DNV floating wind outlook points to slower expansion

Recharge puts large-scale floating wind expansion about a decade ahead; DNV's official release highlights falling costs supporting the deployment of onshore wind, solar power and batteries.

1, Oct
|

Offshore - Renewable

Greenpeace Seeks Review of Crown Estate Offshore Wind Fees

Greenpeace UK has renewed calls for a review of Crown Estate offshore wind fees, raising concerns over seabed auction costs, electricity prices and future leasing arrangements in the UK.