News Digest Item
13 Apr 2017

Average support in first offshore wind tender 0.44 ct/KWh

Federal Grid Agency (BNetzA)

The average successful bid in Germany’s first tender for offshore windparks was “far below expectations” at 0.44 cents/kWh, according to the Federal Grid Agency (BNetzA). “Offshore wind energy emphatically demonstrates its competitiveness,” said the agency’s president Jochen Homann in a press release. The four successful bids had a combined volume of 1,490 MW, and ranged from 0.00 cents/kWh to 6.00 cents/kWh. “The results show that some bidders believe they can do without support” by selling the electricity, a spokesperson told the Clean Energy Wire.

Read the press release in German here.

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