Over 400MW awarded in French public auction as rates jump 4.7%.

Feb 25, 2021 01:14 PM ET
  • France's nine public auction for ground-based solar PV has actually seen 452MWp awarded.
Over 400MW awarded in French public auction as rates jump 4.7%.
Image: Engie

This ability is spread out across 69 winners, with the average price suggested by the victors coming in at EUR60.10/ MWh (US$ 72.94), an increase of 4.7% on the previous period.

When broken down, the suggested rate for installments over 5MWp was EUR53.38/ MWh, whilst for installments between 500kWp and also 5MWp it was EUR62.65/ MWh. A third group in the public auction-- for installments on parking lot shades-- saw a cost of EUR80.69/ MWh.

Champions of the most up to date public auction include a variety of Engie projects including three 5MWc projects and also 2 10MWc sites along with a number of Urbasolar projects with a selection of abilities consisting of an 11.62 MWc site in the Grand Est area. Other champions consist of EDF, ib vogt GmBH and Neoen among others according to analysis posted by French financial expert Finergreen on social networks website LinkedIn.

Finergreen outlined just how Neoen was the most significant winner of the public auction, with 73.8 MWc contracted for, adhered to by Engie with 61.4 MWc and after that Total Quadron with 49.4 MWc.

When contrasted to the previous auction-- France's 8th, with the results launched in October 2020-- prices have actually risen, with the 8 auction seeing prices of EUR57.4/ MWh (US$ 68/MWh), with this price being down 7.4% from the preceeding 7th auction. That 8th public auction saw 341MW contracted for, with the public auction oversubscribed.

In action to the results for the 8th auction, the French Ministry of Ecological Transition claimed the drop in rate "validates the decrease in prices, the dynamism as well as the competitiveness".

Rates likewise fell in France's newest public auction for projects in areas not linked to the nation's major grid network, with the results of this 3rd auction being announced in January 2021. A total amount of 57MW of solar-plus-storage projects got contracts, with costs dipping below EUR100/MWh (US$ 122.75/ MWh).

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