Offshore Wind Worldwide 2022 edition - Flipbook - Page 92
92
Hogan
Lovells
Germany
For the upcoming tenders, the caps on bid
values as shown in the table apply. The
table likewise shows additional details that
are expected to apply (based on the
current Site Development Plan) for the
respective tender rounds:
Tender date
No. of sites
(North/
Baltic Sea)
Expected capacity
(MW per site)
Scheduled
COD
Bid value
cap
(cents/kWh)
1 Sep 2021
2/1
225/433/300
2026
7.3
1 Sep 2022
1/0
930
2027
6.4
1 Sep 2023
2/0
420/480
2028
6.2
1 Sep 2024
4/0
630/270/1,000/1,000
2029
6.2
1 Sep 2025
4/0
1,000 each
2030
6.2
The bid with the lowest value receives the
award. The award on the successful bid by
the Federal Network Agency has further
legal consequences: the successful bidder
(i) is entitled to claim the market
premium, (ii) is entitled to obtain
connection to the GCS, and (iii) is
allocated with the respective capacity of
such GCS. In turn, the bidder is subject to
certain obligations with respect to the
project realisation, which are secured by
penalties and securities.
6. Further details
a)Delays and effects of delays
In case of delays with the realisation of
the project against the mandatory
realisation timeline, the bidder is subject
to penalties payable to the competent
TSO (cf. sec. 60 et seq. of the Offshore
Wind Energy Act). Furthermore, in case
of certain material delays, the Federal
Grid Agency is obliged to revoke the
award.
b) Security
Besides rather technical conditions for
the participation in the tender one
material precondition for making bids
in the tender is the provision of a
security in the amount of EUR 200 per
kilowatt of installed capacity (cf. sec. 21
of the Offshore Wind Energy Act) which
secures potential claims of the TSO for
penalties against the bidder under the
Wind Energy Act. The security has to be
provided until the tender date.
c) Bid volume
The bid volume must correspond to the
share of the tender volume attributable
to the specific site.