FRANKFURT/LONDON July 13 (Reuters) - Energy majors BP (BP.L) and TotalEnergies (TTEF.PA) have won a 7 gigawatt (GW) offshore wind site auction in Germany worth a record 12.6 billion euros ($14.1 billion), allowing them entry to the central European market without a partnership.
The awards for capacity due to come online in 2030 also excluded leading offshore wind developers, such as RWE (RWEG.DE) and Orsted (ORSTED.CO).
AUCTION DESIGNThe 7 GW electronic auction officially opened in January and bidders had until June 1 to submit offers.
In previous German lease auctions, companies have made low or negative bids with the expectation of subsidies from the state.
Industry groups have said the high costs of the leases could drive up the cost of offshore wind projects.
Persons:
Bundesnetzagentur, Bernstein, WindEurope, Orsted, Norway's, TotalEnergies, Vera Eckert, Susanna Twidale, Christoph Steitz, Ron Bousso, Nora Buli, Nina Chestney, Barbara Lewis
Organizations:
Energy, BP, Industry, Thomson
Locations:
FRANKFURT, Germany, Macquarie, England, Danish