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Germany got quotes for 4.1 GW of brand-new solar capability in its most current auction. Image: Obton
The German Federal Network Agency (Bundesnetzagentur) has actually revealed the winners of the federal government’s newest tender for brand-new solar tasks, with 2.2 GW of ground-mounted tasks getting approval.
The auction round ended on 1 March, and saw the federal government award substantially more capability than in earlier auctions, with the Bundesnetzagentur offering 326 quotes with 2.2 GW of capability, up from 1.6 GW in the previous round in December 2023. Even this broadened offering was oversubscribed, with designers making 569 quotes and 4.1 GW of overall power capability sent, implying that practically half of the applications, by capability, did not equate to effective quotes.
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The tender comes as Germany seeks to considerably broaden its solar sector. In 2015, the federal government upgraded its National Energy and Climate Plan (NECP) to increase Germany’s solar setup target from 98GW to 215GW by 2030, an enthusiastic task that will need substantial brand-new solar capability to be developed, as displayed in the chart listed below.
Chart revealing upgraded NECP targets for picked European nations. Credit: PV Tech
As held true in the previous auction, most of the effective quotes were produced tasks in Bavaria, with 156 jobs in the southern state getting assistance, with an integrated capability of 806MW. This was practically triple the variety of quotes granted to Bavaria in the previous auction, where the state got 63 such awards, for an integrated capability of 604MW. In the most current auction, Schleswig-Holstein and Lower Saxony got the next-most capability, with tasks winning quotes amounting to 221MW and 199MW respectively.
The most recent German auction likewise saw the typical volume-weighted award rate of effective quotes fall, compared to the previous auction, from EUR0.0517/ kWh (US$ 0.0553/ kWh) in December to EUR0.0511/ kWh (US$ 0.0547/ kWh) in March. This is the 3rd successive auction for which costs have actually fallen, which stood at EUR0.0647/ kWh (US$ 0.0693/ kWh) prior to December, and the falling rates recommend that making such quotes is ending up being more economically appealing to prospective designers.
The next ground-mount solar auction bidding round is set to close on 1 July 2024.
This pattern of power rates falling carefully however regularly mirrors the wider pattern in European power costs, with lots of nations seeing power rates fall closer to pre-pandemic levels as the effects of Covid-19 fade.