June 1 (Renewables Now) - Germany’s Federal Network Agency said today it will reduce by 2.4% the subsidy rate for eligible onshore wind projects that will begin operating in October-December 2018.
This is the fifth time that the Bundesnetzagentur (BNetzA) is cutting the feed-in tariff (FiT) and it noted today that the subsidy rate has fallen by about 17% since the start of 2017. BNetzA further pointed out that the country has deployed 5,308 MW of onshore wind capacity between May 2017 and May 2018, which is above the legally determined expansion path.
The new subsidy rate will become effective as from October 1, 2018. The tariffs for wind power outside tenders are adjusted quarterly and apply for projects that have secured approval before the end of 2016. These can be realised in 2017 and 2018.
As from 2019, all projects will participate in auctions except for small plants of up to 750 kW and pilot schemes, which will receive a FiT of EUR 46.3 (USD 54.1) per MWh, the regulator said.
(EUR 1.0 = USD 1.168)