Unpacking Big Oil’s risky bet on German offshore wind - podcast episode cover

Unpacking Big Oil’s risky bet on German offshore wind

Energy Evolution
Sep 12, 2023•22 min
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Episode 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

Related stories: Germany sells four offshore wind concessions for $14 bil to BP, TotalEnergies Germany awards 1.8 GW offshore wind concessions for Eur784 million Offshore wind industry weighs consequences of 'seismic' German auction

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