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German onshore wind tender undersubscribed by 55%

Wind farm in Germany. Author: Marco Verch.

May 13 (Renewables Now) - The latest German onshore wind tender was undersubscribed by 55% and resulted in 35 winning bids for a total of 270 MW, the Federal Network Agency announced today.

The tender sought to award 650 MW of onshore wind projects but attracted only 41 bids totalling 295 MW, with six ineligible bids being excluded. The agency, also known as the Bundesnetzagetur (BNetzA), blamed the disappointing result on the difficulties surrounding the permitting process for wind projects.

The average winning bid price was EUR 61.3 (USD 68.9) per MWh compared with EUR 61.1/MWh in the prior auction. The lowest successful bid was EUR 54.0/MWh and the highest amounted to EUR 62.0/MWh. For comparison, the range in the previous tender was EUR 52.4-62.0 per MWh.

Ten of the winning bids concern projects in North Rhine-Westphalia, while Lower Saxony brought seven.

The next onshore wind tender is scheduled for August 1, 2019.

(EUR 1.0 = USD 1.124)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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