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Wind FiT in Germany falls to EUR 73/MW in Q2 2018

Source: pixabay.com

December 5 (Renewables Now) - The fixed preferential tariff for new onshore wind capacity built outside tenders in Germany will be EUR 73.1 (USD 86.7) per MWh for wind farms coming online between April 1 and June 30, 2018.

This is a decrease of 2.4% from the rate for the first quarter of 2018 as installations over the 12 months to October 2017 were significantly above the government-set corridor. The Federal Network Agency (Bundesnetzagetur) said Friday onshore wind deployment topped 5.5 GW in these 12 months, triggering the steepest level of feed-in tariff (FiT) degression.

The tariffs for wind power outside tenders are adjusted quarterly and apply for projects that have secured approval before the end of 2016. These can be realised in 2017 and 2018.

From the start of 2017, new solar and wind projects bigger than 750 kW compete in tenders. The three onshore wind tenders held in 2017 resulted in average prices per MWh of EUR 57.1 in the first one, EUR 42.9 in the second, and EUR 38.2 in the last tender for the year, concluded in November. The auctions for onshore wind power in Germany next year will be open for bids below EUR 63 per MWh, the Federal Network Agency said recently.

(EUR 1 = USD 1.19)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for seven years now. She's got a soft spot for emerging markets.

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