Solar power plant. Source: EnBW Energie Baden-Wuerttemberg AG
Germany has allocated 512 MW of solar PV capacity in a tender with a November 1 deadline that was significantly oversubscribed and the average price of the submitted bids was EUR 0.05 (USD 0.057) per kWh, the Federal Network Agency said on Tuesday.
As many as 133 bids won the tender for large-scale solar systems that attracted 232 proposals totalling 986 MW. Ten proposals were excluded from the auction.
The prices in the round ranged from EUR 0.045 per kWh to EUR 0.052 per kWh and the average price of EUR 0.050 corresponds to that in the previous auction of this kind.
The largest portion of the winning projects totalling 255 MW came from Bavaria, followed by nine bids of a combined 51 MW from Mecklenburg-Western Pomerania and 10 proposals for 49 MW from Baden-Wuerttemberg.
The next tender for large-scale solar plants will take place on March 1, 2022.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.