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)