Auctions and Bid Strategies for Offshore Wind
Price
Duration
950€
1-Day
Dates
Enroll to stay updated
Format
Course Status
Virtual (Live)
Open
Need financial assistance? Apply for a scholarship today!
Auctions and Bid Strategies for Offshore Wind
There is now a considerable track record of both open auctions and tender-based competitive awards for the allocation of offshore wind projects in the US and beyond. While BOEM's central Clock Auction design has remained relatively stable over the last 10 years, many countries have experimented with different types of auction and tender processes. BOEM's recent proposals to evolve their Clock Auction format for the next wave of auctions are more significant than they seem at first glance.
This course takes place from 12:00 until 17:00 CET.
This course takes place from 12:00 until 17:00 CET.
Primary audience: This course is designed for regulators seeking to learn how to set up or improve their auction processes to maximize stakeholder benefits. It provides a chance to learn and sit together with other global regulators for meaningful information exchange in a space to speak openly.
Not a regulator? If you have interest in this course, please contact us at info@aowacademy.com, we will be arranging another iteration open to all that includes a mock auction exercise.
Course Objectives
1
Provide a broad understanding of the use of auctions and tender mechanisms for the allocation of leases and offtake contracts for OSW in the US, past, present, and future
2
Extract learnings and insights from previous OSW auctions and cross-pollinate with relevant examples from other geographies and industries
3
Introduce the various dimensions of auction design and highlight the risks and opportunities of different formats and their practical implications for bidders
4
Discuss common concepts in bid strategy with game-theoretical examples and practical real-world case studies
5
Provide the opportunity to experience real-time bidding in an interactive auction simulation
6
Equip participants with an understanding of critical success factors for auction preparation as a bidder, auctioneer, or steering board member/investor
Who Should Attend
️
Developers
Leaders, project managers, engineers, and finance managers from developers considering participating in an auction, wanting to understand key risks, opportunities, and how to optimally prepare for bidding
Investors
Those considering financing OSW projects or interested in how auctions can affect the project risk/return profile
Industry Analysts
Those wanting to understand how auction rules can affect market dynamics or favor one bidder over another, or needing to understand auction results
️
Policymakers & Regulators
Those interested in understanding the practical implications of auction design decisions on bidders and the wider market
Other Industry Stakeholders
Anyone wanting a firm grounding in auctions for offshore wind
Course Curriculum
The course outline is subject to change. A detailed agenda will be shared after enrollment.
Teaching Team
This course is delivered by experts from Boston Consulting Group's Center for High-Stakes Auctions and Tenders, a global center of excellence for auctions active in multiple industry verticals including offshore wind. The team has supported multiple US offshore wind auctions and tenders in recent years, both for BOEM leases and offtake solicitations.
Dr Ernesto Wandeler
Managing Director & Partner, BCG Center for High-Stakes Auctions and Tenders
Ernesto leads BCG's Global Center for High-Stakes Auctions & Tenders and has over 15 years of experience supporting clients across the globe and across industries through multi-billion-dollar auction processes. He is an expert in game theory and bidding strategy and has spent over two years in live bidding rooms advising C-level executives and bid teams during auctions. His experience spans energy, telecommunications, sports, and infrastructure auctions and tenders.
Jeremy Merz
Partner, BCG Center for High-Stakes Auctions and Tenders
With almost a decade of experience, Jeremy has been advising clients in renewables, fossil fuels, telecommunications, and sports on high-stakes auctions and tenders. His expertise spans from evaluating opportunities and developing bid strategies to managing bids and delivering critical bid content. He has also assisted auctioneers in designing and executing best-in-class auctions and tenders, with a focus on renewable auctions including US BOEM and OREC Solicitations. He has also worked for offshore wind developers on O&M strategies, route to market optimization, and contracting.
Simon Edkins
Partner and Associate Director, BCG Center for High-Stakes Auctions and Tenders
Simon has over 15 years of experience supporting awards across multiple industry verticals including energy and telecommunications in both the US, Europe, and beyond. He has deep expertise in auction formats and their implications for optimal bidding and risk management, advising both buy-side companies and sell-side regulatory authorities. He has significant experience with auction analytics, data science, and geo-spatial modelling, and was instrumental in the development of BCG's bid tools suite.
Stéphanie Schon
Consultant, BCG Center for High-Stakes Auctions and Tenders
Stéphanie has supported multiple auction and tender projects in recent years in both the US and Europe. She has developed bespoke winning bid content, integrating tightly with various client subject matter experts, and knows how to deliver under tight deadlines. She is an expert analyst, delivering superior in-auction insights drawing on a range of technologies and programming languages, and is a key contributor to BCG's bid tools suite.
For all relevant student information on this course, such as the refund and cancellation, data protection policies, and more, please see the Student Info page below.