German Federal Network Agency Bundesnetzagentur has announced the auction results for solar and onshore wind projects.
The agency received a total of 45 bids aggregating 264.15 MW of solar projects for its 256.9 MW solar tender.
The lowest bid quoted for the solar tender was €0.048 (~$0.059)/kWh, and the highest was €0.052 (~$0.064)/kWh. The average quoted price for the tender was €0.051 (~$0.062)/kWh. The surcharges are expected to be announced on December 28, 2020.
The Bundesnetzagentur also said that it received 58 bids for 399.70 MW for its tender for 366.90 MW of onshore wind power projects.
The lowest bid quoted for the onshore wind tender was €0.055 (~$0.067)/kWh, and the highest bid was recorded to be €0.0607 (~$0.074)/kWh. The average quoted price for the tender was €0.0591(~$0.072)/kWh.
Last month, the federal network agency announced that solar bids won the full capacity in its 202 MW wind and solar auction. The tender was oversubscribed by 518 MW, and there was no bid for wind projects. As per the released document, the federal network agency awarded 43 bids with a total capacity of 202 MW.
In October 2020, Bundesnetzagentur announced that its tender for 96.4 MW was oversubscribed and received 87 bids for about 393.3 MW of solar projects. The agency would award a total of 30 bids for about 103.1 MW of projects. Bids for these projects ranged between €0.049 (~$0.058)/kWh and 0.054 (~$0.063)/kWh.
Germany added 421 MW of solar photovoltaic installations in October 2020, a 12% increase compared to 376 MW added in October 2019, according to the latest data from Bundesnetzagentur. The country had installed 387 MW the previous month. As per the data released by the federal agency, cumulative solar installations in the country stood at 53.18 GW at the end of October 2020.
In September 2020, the German government announced its plans to enhance its cumulative solar capacity from the current 52 GW to 83 GW in 2026 and 100 GW in 2030. The country also intends to expand its cumulative capacity for onshore wind projects from the current 54 GW to 65 GW in 2026 and 71 GW in 2030. The federal cabinet also approved the amendments to the Federal Requirements Plans Act with regulations for expanding the electricity grid. The amendments were passed to help the electric grid expansion coincide with renewable energy scale-up and bolster energy supply to consumption centers.