Energy: Rich – Gap in offshore wind power expansion to be closed
Several federal states have warned in an urgent letter to Federal Minister of Economics Reiche of a "torn thread" in the expansion of offshore wind energy. Now the CDU politician is reacting.
German Economics Minister Katherina Reiche has responded to a letter from several states regarding the slow development of offshore wind power. She proposes allowing for the "orderly return and reassignment" of projects that are no longer economically viable, without releasing companies from their financial obligations. Reiche states that future auctions will be put on a solid economic footing, and notes that 16 gigawatts of offshore wind power were allocated in 2023 and 2024.
She acknowledges that the German offshore wind auction system had significant flaws, and that a gap had opened between bids and actual implementation. Reiche aims to ensure that wind farms are built from previously awarded, but unrealistic, allocations.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
