The German grid regulator Bundesnetzagentur has revealed that approximately 96% of the projects selected in the first auction for PV plants up to 10 MW, which was held in April 2015, are now connected to the grid. “The high completion rate shows that the auctions are working”, said Bundesnetzagentur president Jochen Homann.
Homann also said he is confident that the 145 projects selected in the following five rounds will be also realized. The flexibility of the process has also contributed to this good result, Homann stressed, considering that developers had the chance to build the PV plant on a different surface to that indicated in the project proposal.
Rainer Baake, State Secretary of the German Federal Ministry for Economic Affairs and Energy, said that, although the funds for the auctions were allocated in order to reach the highest rate of competitiveness, developers seem quite able to complete their projects.
Overall, the Bundesnetzagentur has held six solar power auctions between 2015 and 2016. In the first auction, the grid regulator selected 35 projects with a combined capacity of 151 MW, with only one of these projects which has not seen the light of the day. The proponent of this project will now have to pay a fine, which will be credited to the EEG levy, which funds all Germany’s renewable energy incentive programs.
The first of the six auction ended with a final price of €0.0917 ($0.100)/kWh, while in the latest and six auction, which was held in February 2017, final price was €0.0658/kWh.