Lowest PV Bid Below €0.04 in Germany

Heavily Oversubscribed 200 MW Large-Scale PV Tender In Germany Sees Lowest Tariff Of €0.0386 ($0.0475), Much Lower Than In Previous Round And First Time Below €0.04/kWh
07:40 AM (Beijing Time) - 22. February 2018
n_bus_Tender_Lowest PV Bid Below 0.04 in Germany_ab 2018-02-21

While the average tariff level awarded by Germany’s Federal Network Agency continued to decrease - now to €0.0433 ($0.0534) per kWh - in its latest large-scale PV tender for 750 kW to 10 MW systems that was launched in December 2017, the lowest awarded bid was even below 4 euro cents.

Key Takeaways

  • Germany’s 200 MW large-scale solar power tender was heavily oversubscribed, receiving bids for 546 MW
  • The range of tariffs offered in the tender were between €0.0386 and €0.0459 ($0.0475 and $0.0566) per kWh
  • The average tariff ascertained in the tender was €0.0433 ($0.0534) per kWh
  • Successful bidders now have until March 10, 2018 to submit guarantee payments

Germany’s Federal Network Agency awarded an average tariff level of €0.0433 ($0.0534) per kWh in its large-scale PV tender for 750 kW to 10 MW systems that was launched in December 2017. The regulator had fixed a ceiling tariff for this 200 MW tender at €0.0884 ($0.1040) per kWh (see Germany Launches 200 MW PV Tender).

The range of awarded tariffs spread between €0.0386 and €0.0459 ($0.0475 and $0.0566) per kWh. In the previous round, which was concluded in October 2017, the lowest tariff awarded was €0.0429 ($0.0529) per kWh. The average back then was €0.0491 ($0.0605) per kWh (see Record Low €0.0429 Tariff In German PV Tender).

For this large-scale PV tender, 79 bids were received with a total volume of 546 MW. The agency screened those down to 24 bids. At least 11 bids were for projects to be set up on agricultural land in less-favored areas in Bavaria and Baden-Wurttemberg.

The list of successful bidders is available on the agency’s website. They now need to submit guarantee payments by March 10, 2018, at which point the final tender results will be announced.  

Along with the large-scale solar tender, the agency also revealed the results of a 700 MW wind tender, which was oversubscribed with 132 bids for 989 MW. The average price it received here was €0.0460 ($0.0567) per kWh, with the lowest bid of €0.0380 ($0.0468) per kWh.

With the bids for wind and solar being very close, Germany’s first technology neutral renewables tender could turn out to be very exciting. The agency has just launched a joint tender of wind and solar with 200 MW of capacity (see Germany Launches Joint Wind/Solar Tender).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani