German PV tender provides record low solar energy rate of EUR0.0355/ kWh.

Feb 20, 2020 11:43 AM ET
  • The 100 MW tender was 5 times oversubscribed as well as the typical last rate toll used was EUR0.05 less than the previous purchase round.
German PV tender provides record low solar energy rate of EUR0.0355/ kWh.
Image: Belectric

Germany's Federal Network Agency, the Bundesnetzagentur, has actually revealed 18 solar projects with a mixed generation ability of 100.6 MW were assigned in the current tender held for PV projects varying in dimension from 750 kW to 10 MW.

The tender was virtually 5 times oversubscribed as the company fielded propositions for 493 MW of project capability.

The most affordable gaining proposal approved for the solar energy to be created by the brand-new centers was EUR0.0355/ kWh ($ 0.038315)-- a German document. The highest possible effective proposal was for EUR0.0521.

Ordinary cost.

The typical last cost in the purchase round was EUR0.0501/ kWh, substantially less than the EUR0.0568 ordinary provided by the previous tender of the very same kind, in December. The most recent typical toll did not, nevertheless, much better the EUR0.0490/ kWh tendered by the prospective buyers in October.

The southerly German area of Bavaria protected 13 of the 18 projects assigned in the most up to date tender, for an overall capability of 75 MW. The continuing to be 5 projects were spread out throughout Brandenburg, Mecklenburg-Western Pomerania, Rhineland-Palatinate and also Schleswig-Holstein.

The Bundesnetzagentur additionally designated 523 MW of wind power capability in an identical 900 MW tender. Winning bids for the 66 effective projects varied from EUR0.0576-0.0620/ kWh, for an ordinary EUR0.0618. The previous workout attracted an ordinary quote of EUR0.0611.

The following PV and also onshore wind tender will certainly be hung on March 1.

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