Winning bids in Germany’s third onshore wind auction average 3.8 cents/kWh

The price for onshore wind power fell a further ten percent in Germany’s third auction for the technology to an average of 3.8 cents per kilowatt-hour. The federal grid agency (BNetzA) said the winning bids came almost exclusively from projects proposed by citizen cooperatives. “The bidders now have four and a half years to implement their projects, and according to our judgement, they assume a positive technological development and falling prices in their offers,” said the agency’s head Jochen Homann. The 61 winning bids with a total capacity of 1,000 megawatts ranged from 2.2 to 3.82 ct/kWh. “This auction round was dominated by projects without planning permission. In the first two onshore wind auction rounds in 2018 an existing planning permission will be compulsory for participation.”

Find the press release in German here.