Europe turns its back on negative bidding

A picture of an offshore windfarm

Source: WindEurope

Europe’s offshore wind industry is turning the tide against negative bidding, marking a major shift in how offshore renewables projects are financed and delivered.

That’s according to WindEurope, which argues that for years, negative bidding auctions - where developers pay governments for the right to build windfarms - have undermined investment and delayed marine construction projects.

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