News Digest Item
14 Jun 2017

“Significant drop of price level” in latest round of solar auctions

Federal Network Agency

An expansion of the available area for solar power plants has led to “a significant drop of the price level” in the latest round of PV auctions in Germany, the Federal Network Agency (BNetzA) has said in a press release. The average support rate for new installations dropped by 0.9 cents per kilowatt hour (kWh) to 5.66 ct/kWh, the BNetzA said. The agency’s vice president Peter Franke said newly included agricultural and grassed areas in “deprived regions” in Bavaria and Baden-Wuerttemberg were responsible for the “unprecedented” price drop. The BNetzA issued support licences for a total of 32 bids with a combined capacity of 201 megawatt.

Read the press release in German here.

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