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Russian wind tender lures unprecedented low price - RAWI

Wind farm. Author: Chrishna. License: Creative Commons, Attribution 2.0 Generic

June 12 (Renewables Now) - The second stage of Russia’s wind power auction has drawn bids as low as RUB 59.34 million (USD 947,000/EUR 803,000) per MW, which the country’s wind association called "an unprecedented low price".

The final results are expected to be announced in the next few days. According to the Russian Association of Wind Power Industry (RAWI),  the lowest bids may be coming from "an experienced market player who has great financial resources". The association also speculates that this bidder could have a partnership with a wind turbine manufacturer that "should already have a wind turbine localized in Russia by next year".

The maximum planned capital expenditure for this auction was set at RUB 130.9 million per MW. The received bids are separated based on the targeted commissioning date of the wind parks. More details are available in the table below.

Planned commissioning Capacity (in MW) Bid price range (in RUB/ kW)
2019 98.8 80,305 - 80,609
110 130,926 - 130,927
2021 226.8 59,339
250 93,028 - 94,001
150.4 129,987
2023 1,377.67 62,209 - 70,801
497.7 92,586 - 98,983
799.97 130,404

The auction targets 830 MW of wind capacity. RAWI notes that the lowest costs per MW, in a range of RUB 59.34 million to 80.3 million, has been offered for 823.3 MW in total, and this is close to the whole volume put forward for the competition.

(RUB 10 = USD 0.159/EUR 0.135)

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