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Germany's last onshore wind tender for 2019 oversubscribed

The Ravenstein wind farm in Germany. Source: SUMMIQ AG

December 20 (Renewables Now) - Germany’s Federal Network Agency announced today that the latest onshore wind power tender in the country has resulted in 56 successful bids for a total volume of 509.04 MW.

The agency, also known as Bundesnetzagetur, said that the tender, held on December 1, targeted less capacity compared to prior ones -- 500 MW versus 675 MW in the previous auction. However, unlike the previous tenders which were heavily undersubscribed, the latest one was slightly oversubscribed, attracting 76 bids for a total of 685.84 MW.

The bid prices in this round ranged from EUR 57.4 (USD 63.7) per MWh to EUR 61.8 per MWh, with the average amounting to EUR 61.1/MWh. This compares with an average price of EUR 62/MW registered in the last tender.

Most of the awarded projects are located in Brandenburg, totalling 174.26 MW, while Lower Saxony and North Rhine-Westphalia will accommodate 73.25 MW and 72.63 MW, respectively. Schleswig-Holstein will house 48.6 MW of new wind parks.

The agency noted that the next technology-specific invitation to tender is scheduled for February 1, 2020.

(EUR 1.0 = USD 1.110)

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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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