Germany opens 1.12 GW solar tender

Germany's Federal Network Agency on Tuesday launched a tender targeting to award 1.125 GW of large-scale solar projects.

The solar auction is open to proposals for ground-mounted plants of over 751 kW and bids will be accepted until June 1. The winning proposals will secure contracts under the "pay-as-bid" model.

The price ceiling for the tender was set at EUR 0.057 (USD 0.060) per kWh, which is slightly above the EUR-0.055 cap of the last round.

In the first auction of this segment with a March 1 deadline, the Federal Network Agency selected 201 proposals with a combined output of 1.084 GW. The volume-weighted average price stood at EUR 0.0519 per kWh.

Germany plans to allocate a total of 3.6 GW of solar capacity for projects of over 751 kW as part of three tenders through 2022.

(EUR 1 = USD 1.058)

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