Germany awards 2.23 GW in PV tender, with lowest bid of €0.0362/kWh

The German government has approved 2.23 GW of utility-scale solar projects through a competitive bidding process.

The bids submitted ranged from €0.0362 ($0.039) per kWh to €0.0549 per kWh, and the total capacity requested by bidders exceeded 4.1 GW.

Germany’s Federal Network Agency (Bundesnetzagentur) has distributed 2,234 MW of PV capacity in the latest tender for large-scale solar projects in the country.

This capacity was spread across 326 bids, slightly surpassing the original plan of 2,231 MW. The tender attracted significant interest, with 569 project proposals totaling 4,100 MW of capacity.

The agency had set a maximum price of €0.0737/kWh for the auction, but the average price achieved was €0.0511/kWh, with final prices ranging from €0.0362/kWh to €0.0549/kWh.

The most recent large-scale solar power tender, which took place in August 2023, saw the Bundesnetzagentur assigning 1.6 GW of solar power at an average final price of €0.0647/kWh.

This tender had a project size limit of 20 MW. However, the upcoming procurement process, set for July 2024, will have an increased size limit of 50 MW for selected projects.

Source Germany

Leave A Reply

Your email address will not be published.