BP and TotalEnergies were the only successful bidders in a recent offshore German wind auction after offering billions of euros in ‘top up’ payments to the government. This has raised concerns that oil and gas majors will outbid utilities in forthcoming auctions with end-users ultimately footing the bill.
A cost-of-energy analysis of different sources of electricity generation shows that solar, wind, and batteries offer some of the cheapest sources of power on offer. Still, there are challenges slowing faster deployment.
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