By [email protected] As Germany moves away from feed-in tariffs and toward competitive auctions for renewables, the country’s first tenders are bringing positive results.
On Friday, the German network agency awarded contracts to 70 wind farms worth 807 megawatts under the country’s first auction for onshore projects. The average bid price came in at €0.057 ($0.06) per kilowatt-hour.
“The first auction for onshore wind installations was successful. The pleasingly high level of competition made it possible to accept an average bid of 5.71 cents,” said Jochen Homann, the president of Germany’s federal network agency, in a statement announcing the bids.
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