Unpacking Big Oil’s risky bet on German offshore wind

Update: 2023-09-12

Description

The hefty premiums paid by BP and TotalEnergies in Germany’s latest offshore wind auction reflect the value these companies place on diversification – but do the economics stack up?
Competition for offshore concessions has been fierce, but the sector is also under extreme cost pressure from stressed supply chains and rising inflation.
S&P Global Commodity Insights’ news editors Henry Edwardes-Evans, Andreas Franke and Alex Blackburne discuss these issues with S&P Global analyst director colleague Coralie Laurencin.

Explore our interactive Renewable Energy Price calculator

Related price assessment:
WDETF00 - German Offshore Wind Renewable Capture Price

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Unpacking Big Oil’s risky bet on German offshore wind

2023-09-1222:03

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Unpacking Big Oil’s risky bet on German offshore wind

#box-pro-ellipsis-173225012414775{-webkit-line-clamp:2;}Unpacking Big Oil’s risky bet on German offshore wind

Unpacking Big Oil’s risky bet on German offshore wind

Unpacking Big Oil’s risky bet on German offshore wind