•  
  •  
  •  

Bids fall to EUR 60/MWh in 200-MW solar tender in Germany

SunPower's Bavaria solar park in Germany. Author: pgegreenenergy. License: Creative Commons, Attribution 2.0 Generic.

Feb 8 (Renewables Now) - The first solar power tender in Germany for 2017, targeting 200 MW of capacity, was again heavily oversubscribed and got bids as low as EUR 0.06 (USD 0.064) per kWh.

The average winning bid was of EUR 0.0658/kWh, a bit below the EUR 0.069/kWh achieved in the last tender for 2016. The highest successful bid this time was of EUR 0.0675/kWh, the Federal Network Agency (Bundesnetzagetur) said on Wednesday.

The latest call was for solar systems bigger than 750 kW no matter if ground-mounted, rooftop or other types. Power take-off contracts will be awarded under the "pay-as-bid" model, with the winners now expected to submit financial guarantees by the end of the month.

Total of 97 projects, or 488 MW of future capacity, competed in the tender. Just nine bids were disqualified for not meeting certain requirements for participation.

(EUR 1 = USD 1.07)

More stories to explore
Share this story
Tags
About the author
Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for seven years now. She's got a soft spot for emerging markets.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription