Can Poland save offshore wind? Auction launched amid string of European tender failures

Analysts say Poland’s approach could set a benchmark for how to restore confidence in offshore wind investment after US President Donald Trump’s opposition to renewables effectively froze the US market and as recent auctions in Denmark, Germany, and the Netherlands failed to attract enough bidders amid soaring costs and inadequate subsidies or revenue guarantees.

If Poland’s auction is successful, it will show, "offshore wind is not in such a bad place," said Anastasia Gurnell, Associate Director at German lender NORD/LB.