Auctions and
Economics
We help wind developers win auctions and show the economic impact of their projects.
We have supported seabed lease and power auctions bids for project developers in Australia, Ireland, Norway, US and UK. We have delivered offshore wind supply chain and economic benefit analysis work in Australia, Azerbaijan, Brazil, Canada, France, India, Ireland, Japan, Norway, the Philippines, Poland, Romania, Taiwan, UK, US, and Vietnam.
We have contributed to 20 supply chain development statements and plans for over 16GW of capacity for UK Contracts for Difference allocation rounds and the ScotWind leasing round.
We have delivered offshore wind workforce and training analyses for developers and enablers in India, Ireland, UK and the US, modelling the occupations and job roles needed by the industry
We pioneered economic benefits modelling of wind energy projects. Our local content, jobs and gross value add (GVA) methodologies have become the industry standard.
Our analysis of non-price factors show the wider benefits of wind projects.
We have helped developers evolve their global auction approaches.
We have developed innovative live auction bid modelling tools for use in dynamic clock auctions ‘war rooms’.
Our spatial LCOE mapping tools and expertise inform quantitative competitor analysis.
We have supported governments in developing auction processes to deliver policy objectives. Our work evaluating developer bids for governments means we know how to write a high scoring bid.
We are industry leaders in supply chain development and economic benefit modelling. We bring clarity and realism. Developers and governments rely on our analysis. Our bid support helps developers achieve offshore wind auction success. We understand auction rules and develop bid documents that stand out. Our cost modelling supports decision-making, risk assessment and competitor analysis.
Key people:
Alun Roberts
Eleanor Young
Charlie Boal
Stuart Whittingham
Bid strategy and competitor analysis
Develop winning auction strategies and navigate auction rules
Bid drafting and review
Create winning bid documentation
Jobs, local economic benefit, and non-price factors
Showing the wider benefits from wind investments
Cost of energy
Informing decision-making by understanding competition, risk, and returns
Bid strategy and
competitor analysis
Delivering a competitive edge in auctions
We deliver a competitive edge in seabed lease and power contract auctions. With our support, developers navigate auction rules with confidence and creativity to increase the likelihood of profitable wins.
The auction support we provide develops robust business cases and insights into market dynamics. We guide senior teams in making bid decisions, including deciding not to bid rather than win at the at the wrong price.
Our experts strengthen developer’s in-house bid teams. We bring insight, challenge and creativity. Our understanding of auctions and strategic perspective unlocks opportunities and delivers success.
Case studies
Support for North Carolina auction
Overview A global energy major engaged us to develop an auction strategy and competitor assessment for the a North Carolina auction for offshore wind. We were able to use our understanding of the North Carolina market and local stakeholders network. We led a team that included Power Advisory (focused on…
California lease auction software and war room
Overview We supported a developer in the lead-up to the California lease auction, conducted by the US Bureau of Ocean Energy Management (BOEM). We delivered a suite of bespoke tools and in-person auction strategy support. An auction theory expert familiar with our offshore wind expertise recommend BVGA. We delivered a…
Strategy support for Ireland first offshore wind auction
Overview Gavin and Doherty Geosolutions (GDG) engaged BVG Associates to provide market and project-specific analysis for one of its clients. The client, an offshore wind project owner, needed to determine its bidding strategy in Ireland’s first Offshore Renewable Electricity Support Scheme (ORESS-1) auction. We delivered a global market analysis, drawing…
Sørlige Nordsjø II auction support
Overview Our client asked us to assess the viability of submitting a competitive bid in the Sørlige Nordsjø II offshore wind auction. In collaboration with specialist subcontractors, we led a series of workshops with the client’s bid team. Together, we explored the Norwegian offshore wind landscape, regulatory context, project competitiveness,…
Auction excellence program
Overview A global energy developer sought to strengthen and future-proof its bidding strategy and develop auction excellence. The client partnered with McKinsey and BVG Associates to define a forward-looking approach. We contributed sector-specific expertise. This covered analysis of auction results and non-price criteria, and how to navigating evolving markets. The…
Bid drafting
and review
Delivering winning bids
We turn auction challenges into winning opportunities across the globe.
We work with governments to develop auction frameworks, non-price factors and local content rules. We know what it takes for a bid to be successful.
We can undertake bid document suite creation and management for the entire bid or for specific sections. We have a proven record of collaborating with in-house bid teams to define information needs and project manage delivery. We take on the role of editor-in-chief to ensure excellence across all bid documents.
We optimise developer’s bid documents for non-price factors such as supply chain, social impacts, environmental and workforce. We undertake independent mock scoring exercises, feeding back improvements to improve bids. Our innovative thinking and market knowledge delivers proven value.
By optimising bids to navigating auction processes and supporting analysis for price and non-price factors, we help developers succeed.
Case studies
ScotWind bid support
Overview Our client was preparing a ScotWind bid. It needed expert support to strengthen its bid documentation and strategy. It asked us to draw on our offshore wind auction expertise, flexibility and proven track record of delivering high-quality submissions. We worked with the client team throughout the process. Together we…
US North Carolina offshore wind lease auction support
Overview A US energy major aimed to enhance its bidding credit strategy ahead of the US North Carolina offshore wind lease auction. It wanted to ensure it received the Bureau of Ocean Energy Management (BOEM)'s 20% bidding credit for committing to investments in workforce training or supply chain development. We…
Floating offshore wind farm Supply Chain Development Statement
Overview We worked with a Scottish floating wind farm project development team to produce its Supply Chain Development Statement (SCDS). It knew it could trust us to deliver with a tight deadline and a clear need for precision and compliance. Working with the client’s team, we ensured that submissions reflected…
Multistate cost analysis
Overview Our client was preparing to compete in Massachusetts’ fourth offshore wind solicitation. To support its auction modelling, it commissioned us to deliver a detailed competitor and multistate cost analysis Our work focused on benchmarking the client's project against potential rival projects. We used our knowledge of levelized cost of…
ScotWind auction: supply chain development statements
Overview The ScotWind offshore wind leasing round required bidders to submit Supply Chain Development Statements (SCDSs). These outlined commitments to UK and Scottish expenditure. We supported seven different developers in preparing high-quality SCDSs. We analysed supply chain capacity, assessed infrastructure, and drafted compelling and compliant statements. This ensured Supply Chain…
Jobs, local economic benefits and non-price factors
Independent analysis of project and portfolio benefits
Our jobs, local economic benefits and non-price factors work is globally recognized. Non-price factors such as biodiversity gains, job creation, gross value add, and community benefit play an increasing role in project delivery.
We provide robust and independently evidenced analyses of project benefits so stakeholders understand the true value of projects.
We ensure that proposals are competitive and realistic in both commercial and societal terms. This approach wins community and stakeholder support. .
We analyse job creation and economic impacts at global, national, provincial and community levels. We develop strategies that enhance skills development, local workforce readiness and sustainable opportunities.
Case studies
Australia leasing round economic benefit
Overview For a feasibility license application for Australia leasing round - a project in Victoria, Australia, we assessed a project’s economic and environmental impact. The project supported Victoria’s offshore wind targets and the goal of net zero by 2050. We quantified the project's contribution to job creation and economic growth…
Celtic Sea Jobs
Overview To secure seabed acreage in The Crown Estate’s Round 5 Leasing process, our client required an assessment of workforce requirements and regional capabilities. BVG Associates, supported by recruitment specialists Taylor Hopkinson, delivered this analysis. We mapped out the workforce needed across all major project phases. We identified recruitment bottlenecks…
Economic analysis for 83C IV solicitation
Overview The states of Massachusetts, Rhode Island, and Connecticut launched a joint memorandum, the 83C IV solicitation, of understanding to procure up to 6 GW of offshore wind. This required developers' proposals to meet both state-specific and shared regional objectives. Our client asked us to develop a proposal that addressed…
Job creation by an Irish Sea project
Overview Our clients project in the Irish Sea required robust socioeconomic data to support its consent application. We developed a tailored supply chain narrative and applied our in-house jobs model to assess job creation by an Irish Sea project. This used our client’s high-level cost data to forecast economic benefits…
Socioeconomic report for UK Leasing Round 5
Overview Our client was preparing a bid for a floating wind development zone in the Celtic Sea. It needed to complete a series of questionnaires to progress its application. These focused on addressing regional social challenges. The questionnaires covered those not in employment, education, or training (NEETs), apprenticeships and skills…
Cost of energy and financial modelling
Cost advantage insight for projects and products
Our cost data analysis and levelized cost of energy (LCOE) modelling is integral to our work for both the public and private sector.
Our financial modelling helps to optimise bid prices and provides an independent view of IRR.
We provide in-depth insights into wind energy project costs to inform data-driven decisions.
Our project-level analysis identifies competitor cost advantages and disadvantages, giving clients a strategic edge. We challenge and validate internal cost assumptions to improve decision-making.
We deliver spatial LCOE modelling to guide marine spatial planning and site selection exercises, reflecting the impact of timing, finance costs and technology.
Our analysis defines the LCOE impact of innovations, supporting cost reduction across the project life cycle and supply chain.
Case studies
Non-standard project cost modelling
Overview Greenrock engaged us to explore the role of offshore wind in Bermuda's decarbonisation efforts. Previous studies identified offshore wind as a promising opportunity. They also highlighted significant uncertainty around the levelized cost of energy (LCOE). We built a robust, evidence-based understanding of project cost modelling for small scale projects…
US Gulf of Mexico lease auction
Overview Having helped our client win multiple US offshore wind lease auctions, our client turned to us once again to explore the US Gulf of Mexico lease auction offshore wind market. The Gulf presents distinct technical and commercial challenges. These include unique site conditions and limited offtake options. We led…
Taiwan detailed cost breakdown
Overview The Government of Taiwan aimed to maximise cost-efficiency and local economic benefit of offshore wind (OSW) expansion. To support this goal, the Metal Industries Research and Development Centre and the Chung-Hua Institution for Economic Research asked us to provide in-depth cost and policy analysis. We conducted a Taiwan detailed…
Establishing a rational basis for the long term Celtic Sea offshore wind market
Overview To support supply chain investment as part of its Celtic Sea (Round 5) offshore wind leasing round, The Crown Estate needed to establish a rational basis for the long term Celtic Sea offshore wind capacity. This ambition would give developers, ports, and industry stakeholders confidence to invest. The technical…
Nearshore leadership in US state waters
Overview A US-based developer had ambitions to develop nearshore leadership using a small, nearshore wind farm in state waters using marinized onshore turbines. It needed to negotiate a seabed lease with a State and repurpose oil and gas infrastructure. We were asked to evaluate the technical and commercial viability of…