Markets

Germany wraps up renewables-plus-storage tender with average price of $0.0771/kWh

The nation’s latest renewables-plus-storage procurement exercise awarded 50 projects with an average electricity price of €0.0709 ($0.0771)/kWh.

By

Ralph Diermann

Oct 17, 2024

Germany has concluded a recent tender for what it terms “innovative” renewable energy projects, chiefly solar-plus-storage sites. The exercise drew 154 bids with a total capacity of 1,856 MW. The authorities awarded 50 projects with a total capacity of 587 MW.

German Federal Network Agency the Bundesnetzagentur said the tariffs ranged from €0.0674/kWh to €0.0745/kWh, with an average price of €0.0709/kWh.

Bavaria received the most awarded capacity, with 25 projects totaling 227 MW, while Mecklenburg-Vorpommern and Rheinland-Pfalz secured 115 MW and 57 MW, respectively.

In the previous tender of the same kind, finalized in July, the German authorities awarded 43 projects with a total capacity of 512 MW. The final tariffs ranged from €0.0678/kWh to €0.0917/kWh, with an average price of €0.0833/kWh.

Another procurement exercise finalized in October 2023 assigned 32 projects with a total capacity of 408 MW. The final tariffs ranged from €0.077/kWh to €0.0878/kWh, with an average price of €0.08/kWh.

Through these tenders, the Bundesnetzagentur mostly selects PV projects combined with energy storage.

From pv magazine Germany.

Written by

Ralph Diermann
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