Offshore wind tender

Germany’s Federal Network Agency announced on 9 September 2021 that EDF Renewables was the successful bidder for the N-3.8 seabed area in the North Sea, with a capacity of 433 MW.

EDF Renewables appointed Amscap, that merged with Voltiq in July 2022, as its financial advisor in the context of preparing and submitting this successful zero-subsidy bid.

The team advising EDF Renewables was led by Jan-Peter Elffers. Amscap delivered a custom-built financial model for this tender that was used to ensure a solid business case. Furthermore, they were closely involved in the offtake and debt workstreams, allowing them to further underpin some of the crucial assumptions of the bid.