27 September 2023
Key elements for offshore wind auction design
Today Europe has 32 GW of offshore wind power capacity. Governments have set targets for more than 150 GW by 2030.
We welcome this ambition and will do all that we can as an industry to deliver them. To that end, National Governments and the EU must rapidly implement the measures we need to drive accelerated offshore wind deployment. Europe must go from installing 3 GW/year today to at least 20 GW/year by the end of this decade. Dedicated policies to support scaling up the offshore wind supply chain are vital in this regard.
This paper outlines the key regulatory options and market incentives that will allow the offshore wind sector to scale up while maximising value for Governments and societies.
