Germany's 2nd offshore wind tender draws bids of up to EUR 98.3/MWh

The Borkum Riffgrund 1 offshore wind farm. Source: Dong Energy A/S. License: All rights reserved.

April 27 (Renewables Now) - Germany’s Federal Network Agency today announced the results of its 1,610-MW second offshore wind power auction, unveiling six winning bids ranging from zero to EUR 98.30 (USD 118.87) per MWh.

According to a document released by Bundesnetzagentur (BNetzA), the average price of the winning bids was EUR 46.60/MWh. BNetzA’s president Jochen Homann explained the higher average price compared to the previous tender with the changed competitive situation. He noted though that there are still some subsidy-free projects.

The agency pointed at the fact that there were fewer bids in this call because it was only available to existing projects not awarded in the first call. There was also a preference towards bids from offshore wind developments in the Baltic Sea.

Among the winners are projects known to be developed by Denmark’s Ørsted SA (CPH:ORSTED), Spain’s Iberdrola SA (BME:IBE) and Germany’s Innogy SE (ETR:IGY). Details are available in the table below.

Bidder Location
Baltic Eagle GmbH Ostsee Cluster 2
Gode Wind 04 GmbH Nordsee Cluster 3
Iberdrola Renovables Deutschland GmbH Ostsee Cluster 1
Innogy Kaskasi GmbH Nordsee Cluster 4
KNK Wind GmbH Ostsee Cluster 4
Orsted Borkum Riffgrund West I GmbH Nordsee Cluster 1

The maximum subsidy rate for which bidders could compete in the second tender was set at EUR 0.10/kWh, or EUR 100.00/MWh. In the first offshore wind tender, launched a year ago, the cap was set at EUR 0.12/kWh, but three of the four winners actually bid for zero subsidy.

(EUR 1.0 = USD 1.209)

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