Germanys Federal Network Agency has allocated 130 MW to 25 successful bids in the fifth round of the countrys auction scheme for large-scale solar.
The average bid amount was 0.723 ($0.799) per kilowatt hour, down from 0.741 in the previous auction in April. Bid amounts are lower on average compared to the previous tender, the Federal Network Agency said Friday.
Federal Network Agency Jochen Homann said the price decline was evidence of the effective competition between ground-mounted PV systems.
For the August auction, the agency again employed its pay-as-bid system, which means the bid price offered is paid for electricity produced by the winning PV project. The highest winning bid was still below 0.08 per kWh, according to the agency, which did not disclose the lowest bid amount.
The fifth solar auction for 125 MW was again well oversubscribed, with 62 bids for a total of 311 MW tendered. Nine bids were disqualified due to errors. The winning bidders now have until Aug. 24 to pay a their secondary security deposit for their projects. The agency will thereafter publish the final results.
Translated by Edgar Meza
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.