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Germany Wind Power Soars, Solar Lags in New Auctions
31 Mar
Summary
- Onshore wind tender significantly oversubscribed, drawing more bids than capacity.
- Wind energy auction prices hit lowest point since 2018.
- Rooftop solar auction volume fell short of offered capacity.
In a recent auction, Germany's Federal Network Agency reported a substantial oversubscription for onshore wind power capacity. Developers submitted bids for approximately 7,900 megawatts (MW), far exceeding the roughly 3,450 MW that was available.
This high demand in the wind energy sector pushed prices down to their lowest point since 2018, with the average award settling at 5.54 cents per kilowatt hour (ct/kWh). This represents a decrease from the 6.06 ct/kWh seen in the previous round.
Conversely, the auction for solar systems installed on buildings and noise barriers did not meet its targets. Only 177 MW in bids were received, falling short of the 283 MW on offer. The accepted bids averaged 9.56 ct/kWh, slightly lower than in the prior auction.
The robust interest in wind energy supports Germany's broader efforts to expand its renewable capacity. However, ongoing political discussions focus on assigning greater financial responsibility to developers for potential grid congestion issues.
