Energy Transition Today Germany halts offshore wind tenders, Ørsted’s €1.44bn divestment, UK SMR ownership framework
Feb 6, 2026
Discussion of Germany pausing its North Sea offshore wind tender after a failed auction and the policy uncertainty shaking developer confidence. Coverage of Ørsted’s €1.44bn sale of its European onshore portfolio and the financial strain from U.S. offshore exposure. TenneT Germany’s minority sale to KfW to fund grid upgrades. New hydrogen offtake ties to Saudi green ammonia and the UK’s plan for privately funded small modular reactors.
AI Snips
Chapters
Transcript
Episode notes
Germany Pauses Offshore Tenders
- Germany paused offshore wind tenders after its first failed auction because developers demand revenue guarantees.
- The government may adopt a CFD model but timing and details remain unclear.
Ørsted Sells Onshore Portfolio Below Expectations
- Ørsted sold its European onshore portfolio to CIP for €1.44bn, reflecting lower current valuations.
- The sale supports Ørsted's balance sheet after an €8bn equity raise tied to US offshore exposure.
TenneT Stake Sale To Unlock Grid Funds
- TenneT Germany sold a 25.1% stake for €3.3bn to unlock grid investment funding.
- The deal concludes a multi-year process and aims to accelerate essential grid upgrades.