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Michael Liebreich, founder of renewable energy research organisation Bloomberg New 麻豆无码版 Finance (BNEF), has called the zero-support bid in German offshore wind power auctions 鈥�a risky and brave move.鈥� Successful bidders EnBW and Dong 麻豆无码版 were betting on a substantial capacity increase of the turbines and higher power prices, Liebreich said at a press briefing by think tanks Agora Energiewende and Agora Verkehrswende* in Berlin. Liebreich praised Germany鈥檚 fixed feed-in tariff policy for getting renewable energy generation off the ground but said the support scheme was 鈥渘ot economically efficient.鈥� Reverse auctions were therefore necessary to 鈥済et cheap energy into the hands of users.鈥� Financial support should eventually be dropped altogether to stabilise prices, and policy makers should instead 鈥渇ocus on shutting down dirty energy sources鈥�, he said.

See the 麻豆无码版 factsheet Germany ponders how to finance renewables expansion in the future for background.

*Like the 麻豆无码版, Agora Energiewende and are projects funded by Stiftung Mercator and the European Climate Foundation.