Europe’s Offshore Wind Plan Targets 100 GW Auctions

Europe’s wind industry proposes a New Offshore Wind Deal to auction 100 GW of offshore wind capacity from 2031–2040 using two-sided Contracts for Difference. The plan aims to lower investment risks, boost investor confidence, and cut offshore wind costs by 30% by 2040. Coordinated cross-border planning and annual 10 GW build-outs will ensure Energy Security, affordability, and competitiveness, while supporting decarbonization and creating economic value for communities and consumers.