Germany wanted an offshore wind installation or two, but were offering no handouts. Germany’s No-Subsidy Offshore Wind Auction Flops with No Bids Filed
The Federal Network Agency’s auction for 10.1 gigawatt (GW) offshore wind farms in the German part of the North Sea ended with no investor submitting a bid for any of the two proposed sites, the Federal Association for Offshore Wind Energy, BWO, said.
The auction flop signals that offshore wind power developers are wary of taking on riskier, zero-subsidy projects amid rising costs and supply chain issues.
Hat tip to Kevin Killough (by way of William Teach) on X:
Anyone else find it curious that the "world's cheapest source of energy" dies without a steady pipeline of subsidies flowing to the industries? I'm going to go out on a limb and say someone's not telling the truth.
That doesn't even cover the problems, like the blackout experienced earlier in the year that hit Spain in April.
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