en.Wedoany.com Reported - JERA Nex bp is in discussions with the German government regarding the development pathway for its 4GW Oceanbeat offshore wind complex in the North Sea. A company spokesperson stated that the projects have encountered various difficulties during development, many of which are beyond the company's control.

The Oceanbeat project consists of two 2GW blocks, which bp secured in Germany's 2023 offshore wind auction, a round that set record-high prices in the country. bp bid €1.83 million per megawatt (totaling €3.66 billion) for the N-11.1 zone and €1.56 million per megawatt (totaling €3.12 billion) for the N-12.2 zone. Subsequently, bp formed a joint venture with Japan's JERA, named JERA Nex bp, to develop offshore wind businesses.

Due to the lack of state-backed power purchase agreements for projects awarded in recent tenders, coupled with frequent grid connection delays and rising capital costs, speculation has emerged within the industry that these projects may be abandoned.

Sources familiar with the matter revealed that TotalEnergies is adopting a similar approach, conducting a comprehensive review of its nearly 10GW offshore wind portfolio acquired at high prices in recent tenders, prioritizing resource allocation to projects with the greatest investment potential. The source added that parties are not currently considering a complete withdrawal from the German offshore wind market.

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