Market profile

Germany

Europe's biggest Continental market has hit an auction wall — a zero-bid central round, a collapsed dynamic round, and a 2026 calendar suspended while the mechanism is redesigned.

mature buildout: stalled risk: medium outlook: mixed
9.9
GW operational
2.9
GW in construction
18.8
GW pipeline
52
projects
Operational · 9.9 GW (31)Under Construction · 2.9 GW (4)Advanced Development · 2.5 GW (3)Early Development · 16.3 GW (12)On Hold · 2.5 GW (2)
Progress to target
14%
9.9 GW operational of 70 GW by 2045
WindSeeG statutory targets
Next auction round
Germany offshore tender — 2027 (FEP cluster)
2027 · tender · planned
2.5 GW offered
full auction outlook ↓

Assessment

as of 2026-06-26
Maturity

Mature. Germany has a substantial operational fleet across the North Sea and Baltic and a statutory, centralised regime under the WindSeeG: the state (BSH) pre-investigates and designates sites, then auctions them. It is the largest Continental market and a reference case for the "integrated" model where the site and its route to market are awarded together.

Buildout vs plan

Stalled. WindSeeG sets statutory minimums — 30 GW by 2030, 40 GW by 2035 and 70 GW by 2045 — but the auction engine has seized: the 2025 centrally pre-investigated round received no bids at all, the 2025 dynamic round cleared 1,000 MW against 7,000 MW two years earlier, and the 2026 auctions were suspended to 2027 while the mechanism is reworked. The 2023 move to uncapped "negative bidding" (developers paying for the seabed) cleared record sums, then stopped clearing at all once economics tightened — the outcome the industry's warnings pointed at.

Political & regulatory risk

Medium. Targets are written into law and political consensus on offshore wind is broad, but the contested questions — auction design and grid-expansion pace — are no longer abstract: the mechanism redesign now gates the calendar, and delivery against the statutory dates depends on how it lands.

Outlook

Mixed. Germany remains a core pillar of the European pipeline on paper, and nothing suggests the statutory targets will be abandoned — but near-term volumes depend on the reworked auction design actually clearing when the calendar resumes in 2027, and on offshore grid connections keeping pace. The targets stand; the path to them is being redrawn.

Risk, in one line

Statutory targets and a centralised regime stand; the binding risk is auction economics — the 2025 central round drew no bids and the 2026 rounds are suspended to 2027 — not political will.

Sources

State of the market

as of 2026-09-09
67%
of GW sited through contested rounds
7 yr
median award → power
delivered (COD actuals)unweighted dated pipeline (building / contracted / early)Expected Buildout (confidence-weighted)national target (range)superseded targettoday
0204060GW20102015202020252030203520402045todayEXPECTED BUILDOUT → 24 GW+ early → 29+ contracted → 15+ building → 13 GW9.9 GW operational70 GW target · 2045

Teal line = the Hafrok Expected Buildout (confidence-weighted): 24 GW of live pipeline weights to 14 GW expected to complete, timed by each project's COD distribution (mass beyond 2046 not drawn). Bands are the unweighted dated pipeline — the Expected Buildout also models on-hold and undated projects, so it can sit above them. 3.0 GW of pipeline has no dated COD and is not in the bands.

How this line is made

The Expected Buildout line answers one question: of the pipeline announced today, how much actually gets built, and when? It is not a scenario and not a target tracker — it is the database's live pipeline, passed through two filters measured from the industry's own delivery record.

Whether a project completes. Every project in development carries a completion weight, banded Delivering / Expected / Prospective / Fragile. A proposal — a site where no authority has yet granted rights — carries none and sits outside this line entirely; it is listed, not counted. The starting point is the historical completion rate of its lifecycle stage — of projects that reached construction, 97% delivered; financed but not yet building, 92%; consented without financing, 75%; early development, 61%; on hold, 15%. That base rate is then adjusted by what the project has actually secured (offtake, grid, consents, investment decision) and decays if a project sits quiet past its stage's normal dwell time.

When it delivers. Each project also carries a completion-date distribution — a shape, not a single year, right-skewed because offshore wind slips late far more often than it runs early. The peak sits on a rule-based expected date chained from the project's latest achieved milestone; the width of the late tail is fitted to how far past their announced dates real projects actually landed: builders slip tight (68% on time, n=158), financed projects tighter still (72%, n=101), consented-only projects carry the fat tail — 25% land three or more years late (n=133). A stated date faster than any comparable project has ever achieved is floored to the achievable window and flagged, never taken at face value.

The line is the sum, across every live project, of capacity × completion weight × the probability it delivers in each year. For projects already under construction, a share of expected capacity is counted at first power — turbines start generating before a wind farm is fully commissioned — so a market's chart can show capacity arriving a year before a project's stated completion date. Delivered history is metered fact; the line inherits every assumption above and nothing else.

Honest limits. The weights are calibrated on a fleet whose failures have so far been overwhelmingly pre-financing — completion rates after FID rest on a record with few failures, so they are ceilings, not guarantees. The slip fitted on consented projects is the loosest (the "three or more years late" bucket spans many years). Policy shocks arrive faster than base rates move — the weights see a stop-work order only as its lifecycle consequences accrue. And the line redistributes as the database learns: it is re-derived on every data refresh, not frozen.

Full per-project workings — each project's weight, band, expected date and distribution — are on its project page. Calibration v2.0-phase0 · generated 2026-09-09; every figure above is read from the generated calibration file, never typed.

Auction outlook

forecast · 1 round tracked
Seabed leaseOfftake awardIntegrated tenderscheduled — bar spans the expected windowplanned (indicative)postponed / suspendedno date yet (off-axis)
202720282029todayPLANNED — INDICATIVEGermany offshore tender — 2027 (FEP cluster) · 2027 · planned · 2.5 GW offeredGermany offshore tender — 2027 (FEP cluster) · 2.5 GW
Integrated tender Germany offshore tender — 2027 (FEP cluster) planned
What the date rests on — indicative

All 2026 auctions suspended to 2027 (FEP amendment 30 Jan 2026) after the 1 Aug 2025 central round (N-10.1/N-10.2) drew ZERO bids. 2027 cluster = N-10.1, N-10.2, N-12.4, N-12.5, N-13.1, N-13.2; only N-10.1 (~2,000 MW) + N-10.2 (~500 MW) volume is officially solid. No firm Gebotstermin yet. the mechanism reform is still in flux — the adopted WindSeeG amendment did NOT add CfDs for centrally pre-examined areas (instead a "second bid component"/entry fee for zero-subsidy bids), but the Bundesrat (June 2026) is pressing for a fresh Offshore Wind Energy Act amendment before the summer recess to int […]

Origination ladder

settled rounds → projects
Seabed leaseOfftake awardIntegrated tenderbirth award (colour = round type)no auction award on record (the chapter names how the site originated)offtake / tender winterminated award / cancelledFIDCOD achievedCOD expected (dashed = still to run)on hold
201020102015201520202020202520252030203020352035OPEN DOOR — DEVELOPER-INITIATED SITESalpha ventus · 60 MW · Operational · COD 2010 · No auction award on record · open dooralpha ventus201060 MWEnBW Baltic 1 · 48 MW · Operational · COD 2011 · No auction award on record · open doorEnBW Baltic 1201148 MWBARD Offshore 1 · 400 MW · Operational · COD 2013 · No auction award on record · open doorBARD Offshore 12013400 MWRiffgat · 108 MW · Operational · COD 2014 · No auction award on record · open doorRiffgat2014108 MWTrianel Windpark Borkum I · 200 MW · Operational · COD 2015 · No auction award on record · open doorTrianel Windpark Borkum I2015200 MWBorkum Riffgrund 1 · 312 MW · Operational · COD 2015 · No auction award on record · open doorBorkum Riffgrund 12015312 MWGlobal Tech I · 400 MW · Operational · COD 2015 · No auction award on record · open doorGlobal Tech I2015400 MWAmrumbank West · 302 MW · Operational · COD 2015 · No auction award on record · open doorAmrumbank West2015302 MWButendiek · 288 MW · Operational · COD 2015 · No auction award on record · open doorButendiek2015288 MWDanTysk · 288 MW · Operational · COD 2015 · No auction award on record · open doorDanTysk2015288 MWEnBW Baltic 2 · 288 MW · Operational · COD 2015 · No auction award on record · open doorEnBW Baltic 22015288 MWNordsee Ost · 295 MW · Operational · COD 2015 · No auction award on record · open doorNordsee Ost2015295 MWGode Wind 1 and 2 · 582 MW · Operational · COD 2017 · No auction award on record · open doorGode Wind 1 and 22017582 MWSandbank · 288 MW · Operational · COD 2017 · No auction award on record · open doorSandbank2017288 MWNordergrunde · 111 MW · Operational · COD 2017 · No auction award on record · open doorNordergrunde2017111 MWNordsee One · 332 MW · Operational · COD 2017 · No auction award on record · open doorNordsee One2017332 MWVeja Mate · 402 MW · Operational · COD 2017 · No auction award on record · open doorVeja Mate2017402 MWBorkum Riffgrund 2 · 450 MW · Operational · COD 2018 · No auction award on record · open doorBorkum Riffgrund 22018450 MWArkona · 385 MW · Operational · COD 2019 · No auction award on record · open doorArkona2019385 MWMerkur Offshore · 396 MW · Operational · COD 2019 · No auction award on record · open doorMerkur Offshore2019396 MWHohe See · 522 MW · Operational · COD 2019 · No auction award on record · open doorHohe See2019522 MWAlbatros · 118 MW · Operational · COD 2020 · No auction award on record · open doorAlbatros2020118 MWDeutsche Bucht · 260 MW · Operational · COD 2020 · No auction award on record · open doorDeutsche Bucht2020260 MWTrianel Windpark Borkum II · 200 MW · Operational · COD 2020 · No auction award on record · open doorTrianel Windpark Borkum II2020200 MWGennaker · 977 MW · Advanced Development · outlook: Expected · COD expected 2028 · No auction award on record · open doorGennaker2028e977 MWUNCLASSIFIED — ORIGINATION NOT YET ESTABLISHEDMeerwind Sud|Ost · 288 MW · Operational · COD 2014 · No auction award on record · origination unclassifiedMeerwind Sud|Ost2014288 MWWikinger · 350 MW · Operational · COD 2018 · No auction award on record · origination unclassifiedWikinger2018350 MWBNETZA OFFSHORE WIND AUCTION 2017 (TRANSITIONAL) · 2017He Dreiht · 960 MW · Under Construction · outlook: Delivering · COD expected 2026 · Rounds: de-tender-2017He Dreiht2026e960 MWBNETZA OFFSHORE WIND AUCTION 2018 (TRANSITIONAL) · 2018Arcadis Ost 1 · 257 MW · Operational · COD 2023 · Rounds: de-tender-2018Arcadis Ost 12023257 MWKaskasi · 342 MW · Operational · COD 2023 · Rounds: de-tender-2018Kaskasi2023342 MWGode Wind 3 · 253 MW · Operational · COD 2025 · Rounds: de-tender-2017, de-tender-2018Gode Wind 32025253 MWBaltic Eagle · 476 MW · Operational · COD 2025 · Rounds: de-tender-2018Baltic Eagle2025476 MWBorkum Riffgrund 3 · 913 MW · Operational · COD 2026 · Rounds: de-tender-2017, de-tender-2018Borkum Riffgrund 32026913 MWWikinger Sud · 10 MW · Early Development · outlook: Prospective · Rounds: de-tender-2018Wikinger Sud10 MWBNETZA OFFSHORE WIND AUCTION 2021 (CENTRAL MODEL) · 2021Nordseecluster A · 660 MW · Under Construction · outlook: Delivering · COD expected 2027 · Rounds: de-tender-2021Nordseecluster A2027e660 MWWindanker · 315 MW · Under Construction · outlook: Delivering · COD expected 2027 · Rounds: de-tender-2021Windanker2027e315 MWBNETZA OFFSHORE WIND AUCTION 2022 (CENTRAL MODEL, S… · 2022Nordlicht 1 (N-7.2) · 980 MW · Under Construction · outlook: Delivering · COD expected 2028 · Rounds: de-tender-2022Nordlicht 1 (N-7.2)2028e980 MWBNETZA OFFSHORE WIND AUCTION 2023 (DYNAMIC BIDDING … · 2023N-11.1 · 2 GW · Early Development · outlook: Prospective · COD expected 2030 · Rounds: de-tender-2023-dynamicN-11.12030e2 GWN-12.2 · 2 GW · Early Development · outlook: Prospective · COD expected 2030 · Rounds: de-tender-2023-dynamicN-12.22030e2 GWN-12.1 · 2 GW · Early Development · outlook: Prospective · Rounds: de-tender-2023-dynamicN-12.12 GWO-2.2 · 1 GW · Early Development · outlook: Prospective · Rounds: de-tender-2023-dynamicO-2.21 GWBNETZA OFFSHORE WIND AUCTION 2023 (CENTRAL MODEL, Q… · 2023N-6.7 (Waterkant) · 300 MW · Early Development · outlook: Expected · COD expected 2028 · Rounds: de-tender-2023-centralN-6.7 (Waterkant)2028e300 MWNordlicht 2 (N-6.6) · 630 MW · Advanced Development · outlook: Delivering · COD expected 2029 · Rounds: de-tender-2023-centralNordlicht 2 (N-6.6)2029e630 MWNordseecluster B · 900 MW · Advanced Development · outlook: Delivering · COD expected 2029 · Rounds: de-tender-2023-centralNordseecluster B2029e900 MWBNETZA OFFSHORE WIND AUCTION 2024 (DYNAMIC BIDDING … · 2024N-11.2 · 1.5 GW · Early Development · outlook: Prospective · COD expected 2032 · Rounds: de-tender-2024-dynamicN-11.22032e1.5 GWN-12.3 · 1 GW · Early Development · outlook: Prospective · COD expected 2032 · Rounds: de-tender-2024-dynamicN-12.32032e1 GWBNETZA OFFSHORE WIND AUCTION 2024 (CENTRAL MODEL, Q… · 2024N-9.3 (Waterekke) · 1.5 GW · Early Development · outlook: Prospective · COD expected 2029 · Rounds: de-tender-2024-centralN-9.3 (Waterekke)2029e1.5 GWN-9.1 · 2 GW · Early Development · outlook: Prospective · COD expected 2031 · Rounds: de-tender-2024-centralN-9.12031e2 GWN-9.2 · 2 GW · Early Development · outlook: Prospective · COD expected 2032 · Rounds: de-tender-2024-centralN-9.22032e2 GWBNETZA OFFSHORE WIND AUCTION 2025 (DYNAMIC BIDDING … · 2025N-9.4 · 1 GW · Early Development · outlook: Prospective · COD expected 2032 · Rounds: de-tender-2025-dynamicN-9.42032e1 GW

2 sites designated for forecast rounds (2.5 GW) are not in the history ladder — pre-tender zones are the auction outlook's rounds-in-waiting: N-10.1 · N-10.2.