On Thursday 10 April, some sixty players from the European wind energy industry proposed a ‘New Offshore Wind Deal’ to minimise the risks associated with developing “local and competitive” offshore wind energy.
This proposal calls on European governments to auction at least 100GW of new offshore wind capacity between 2031 and 2040 through Contracts for Difference (CfD) to ensure long-term revenue stability and reduce investment risk.
According to WindEurope, the association...