TotalEnergies, RWE, Orsted to Participate in German Wind Auction
- Second round of offshore auction set to begin on Monday
- Nation seeks to triple capacity to 30 gigawatts by 2030
Wind turbines in the Baltic Sea, Germany.
Photographer: Tobias Schwarz/AFP/Getty ImagesThis article is for subscribers only.
TotalEnergies SE, RWE AG and Orsted A/S are among companies planning to participate in the next round of a German offshore wind auction, which begins Monday, according to people familiar with the matter.
Germany, which is trying to diversify its energy sources, has relatively little offshore wind capacity and aims to triple it to 30 gigawatts by 2030. This next round — the auction’s second, in which price offers have to be submitted — will offer up to 2.5 gigawatts for development.