Prices drop to EUR 0.0395/kWh in CHP tender in Germany

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June 14 (Renewables Now) - Germany’s third tender round for combined heat and power (CHP) projects attracted 87 MW of bids and saw the weighted average value of the proposals drop to EUR 0.0395 (USD 0.0445) per kWh.

The Federal Network Agency, or the Bundesnetzagetur, announced on Wednesday that the tender had been oversubscribed by 36 MW. A total of 13 bids were submitted with a combined capacity of 87 MW, while 46 MW of projects were awarded. Bids ranged between EUR 0.0393/kWh to EUR 0.04/kWh, which represents a drop from the average of EUR 0.0431/kWh and EUR 0.0477/kWh in the previous two tenders.

A tender for innovative CHP systems, meanwhile, sought proposals for 30 MW but got only five bids totalling 22 MW, all of which won surcharges. The average quantity-weighted value of the proposals stood at EUR 0.1117 per kWh.

Innovative CHP systems can use renewable heat sources such as heat pumps, solar thermal and geothermal energy.

(EUR 1.0 = USD 1.128)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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