German PV tender delivers record low solar power price of $0.038/kwh

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From pv magazine Germany

Germany’s Federal Network Agency, the Bundesnetzagentur, has announced 18 solar projects with a combined generation capacity of 100.6 MW were allocated in the latest tender held for PV projects ranging in size from 750 kW to 10 MW.

The tender was almost five times oversubscribed as the agency fielded proposals for 493 MW of project capacity.

The lowest winning bid accepted for the solar power to be generated by the new facilities was $0.038/kwh – a German record. The highest successful bid was for $0.056/kwh.

Average price

The average final price in the procurement round was $0.054/kWh, significantly less than the $0.061/kWh average delivered by the previous tender of the same kind, in December. The latest average tariff did not, however, better the $0.053/kWh tendered by the bidders in October.

The southern German region of Bavaria secured 13 of the 18 projects allocated in the latest tender, for a total capacity of 75 MW. The remaining five projects were spread across Brandenburg, Mecklenburg-Western Pomerania, Rhineland-Palatinate and Schleswig-Holstein.

The Bundesnetzagentur also allocated 523 MW of wind power capacity in a parallel 900 MW tender. Winning bids for the 66 successful projects ranged from $0.062/kWh to $0.067/kWh.

The next PV and onshore wind tender in this region will be held on March 1.