Saudi Arabia’s Al Ghat, now feeding the Saudi grid, cleared onshore wind at 1.566 cents per kWh. The offshore price band in MENA’s neighbourhood opens at 7.
Türkiye’s draft rules for YEKA OWPP-2026, its first gigawatt-scale offshore wind auction, set a reverse-auction corridor of 7 to 11 US cents per kWh across four sea areas, from Saros Bay to the waters off Edremit. Public consultation closes August 17. We covered the announcement in June. The number deserves its own post.
Türkiye’s offshore floor sits more than four times above Al Ghat’s clearing price. The ceiling runs about seven times higher.
The spread prices a new frontier: 49-year operating rights at sea, a 25 percent domestic content requirement backed by 5 million dollars of penalty per missing percentage point, and, as I read it, a Turkish offshore supply chain that is still mostly to be built. TÜREB points to a World Bank scenario in which 7 GW of Turkish offshore by 2040 draws 16 billion dollars of investment and 110,000 jobs.
If offshore follows the path onshore took in the Gulf, this band is a starting point and auction rounds do the compressing. Every coastline weighing offshore, from Morocco’s Atlantic to the Gulf of Suez, now has a benchmark to beat.
Which coastline in the region posts the first sub-5-cent offshore bid?
