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Germany Awards 261 Solar Bids as Average Price Falls to 4.79 Cents/kWh

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Germany awarded 2,135 megawatts of solar capacity in its latest auction, with the average price falling to 4.79 cents per kilowatt-hour, the Federal Network Agency said Tuesday.

The auction, which closed July 1, covered ground-mounted solar photovoltaic installations and solar projects built on structures other than buildings or noise barriers.

Developers submitted 401 bids totaling 3,170 MW, well above the 2,135 megawatts offered in the auction. The Federal Network Agency disqualified 48 of those bids.

The pay-as-bid process produced 261 successful bids, with awarded prices ranging from 4.38 cents per kilowatt-hour to 4.97 cents/kWh.

The volume-weighted average award price fell to 4.79 cents/kWh from 4.94 cents/kWh in the previous auction, according to the Federal Network Agency.

"The auction was again oversubscribed," Federal Network Agency President Klaus Muller said. "The prices of the successful bids were slightly lower than in the previous auction."

Bavaria secured the largest volume with 429 MW across 75 winning bids, followed by Baden-Werttemberg with 266 MW in 41 bids, Lower Saxony with 225 MW in 28 bids, Rhineland-Palatinate with 239 MW in 25 bids, and North Rhine-Westphalia with 233 MW in 21 bids.

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$KMI