The latest Innovation Tender in Germany has concluded, with 32 solar-plus-storage projects totalling 408MW awarded contracts.
The German Federal Network Agency, the Bundesnetzagentur, announced the results of its latest auction which ended up being oversubscribed with a total of 53 bids and 779MW of capacity received, nearly double the 400MW limit set for the auction.
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This is the second Innovation Tender, or innovative auction, held this year in Germany with the previous one ending with a completely different fate as only three projects ended up accepted with a combined capacity of 83.5MW, despite 400MW of capacity auctioned.
“Following two weak auctions, the innovation auctions have regained momentum. The fact that this auction was nearly twice oversubscribed shows what kind of a dynamic renewables can have. The aim now is to maintain the current level of project development,” said Klaus Müller, president of the Bundesnetzagentur.
The contracts provide an additional premium in €/kWh to winning projects for energy discharged to the market.
Prices for the successful bids range from €0.0776/kWh to €0.0878 ct/kWh with an average price of €0.0833/kWh (US$8.75ct/kWh). Both the average price and the maximum value ended up above the previously held solar farm auction in July.
Numerous solar-plus-storage projects that won contracts in the 2020/21 Tender have come online or started construction this year, as reported by Energy-Storage.news.
Developers Enerparc and Qair commissioned projects in March and April respectively while renewable energy firm ABO Wind and two utilities launched the construction of projects in June and July respectively.