Renewable

June 7 (Renewables Now) - Germany has selected 114 onshore wind projects with a total capacity of 931 MW in the latest auction which remained undersubscribed after two rounds of solid interest.

The Federal Network Agency sought to allocate 1.32 GW of onshore wind capacity but received proposals for only 947 MW, the regulator said on Tuesday.

A total of 116 bids were submitted within the May 1 deadline and all of them were accepted except for two projects which were excluded due to formal errors.

Bids in the tender ranged from EUR 0.0544 per kWh to EUR 0.0588 per kWh. The volume-weighted average award price achieved was EUR 0.0585 (USD 0.063) per kWh, slightly below the cap of EUR 0.0588 per kWh. In the previous round of the tender, the volume-weighted average award price stood at EUR 0.0576 per kWh.

The most successful bids totalling 224 MW came from the state of Schleswig-Holstein, followed by North Rhine-Westphalia with 198 MW and Lower Saxony with 178 MW.

The next round of the onshore wind tender will take place on September 1.

(EUR 1 = USD 1.073)

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