Offshore wind's race for acreage: The cost of competition
Today, only 16% of the active offshore wind pipeline has been awarded through lease auctions. However, 2021 marks a step change for offshore wind lease auctions, as lease fees have gone from insignificant to significant and the number of proposed lease auctions by policy-makers has mushroomed. Lease auctions will therefore have a paramount impact on both the growth and costs of offshore wind. This report helps you understand the importance of lease auctions and analyses the transformation that lease auctions are going through by exploring the following questions: - What is the outlook for lease auctions and which markets will subscribe to the lease auctions model? - How fierce is the competition in lease auctions, who are the winners, and what do the winners have in common - How are lease fees evolving in lease auctions and how are they being integrated in centralised tenders? - What will future lease auctions look like?