French oil & gas giant to pay $208m for gigascale North Sea site with required 'overplanting' of up to fifth of grid connection capacity

French oil & gas giant to pay $208m for gigascale North Sea site with required 'overplanting' of up to fifth of grid connection capacity

Low number of participants due to negative bidding, overplanting requirement and strict deadlines mean rethink needed, says industry

Norwegian giant and utility JV to develop 1.5GW each while third area still to be allocated