News Digest Item
19 Oct 2018

German wind power tender fails to attract enough bids, PV strong

Federal Network Agency (BNetzA)

Germany’s latest tender for new onshore wind power installations failed to attract enough bids to award the full offered amount of 670 megawatts, the country’s grid regulator said. The average support rate for the accepted bids with a total amount of 363 megawatts was 6.26 ct/kWh, slightly higher than the average rate of 6.16 ct/kWh in the previous round in August. The tender for ground-mounted solar PV installations meanwhile saw strong competition, said the head of the grid regulator, Jochen Homann in a statement. With bids of 551 megawatts, the auction was three times oversubscribed. The regulator accepted bids with a total capacity of 192 megawatts. The average weighted support rate was 4.69 ct/kWh, slightly higher than the 4.59 ct/kWh from the previous auction.

Find the Federal Network Agency’s press statement here.

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