EnergyWatch

German wind prices rise by one fifth

After dramatic price decreases and major criticism of German onshore wind auctions, the average price saw a significant boost in the first auction since the provisional tightening of the rules for citizen projects. Solar power is thus cheaper than wind.

Photo: Frank Boutrup Schmidt/Vestas

Wind power in Germany has become much more expensive than last year. This could be one conclusion when looking at the result from the latest German onshore wind auction. Contracts were awarded to 709 MW with an average price of EUR 4.6 cents/kWh, which is 21 percent higher than the price of EUR 3.82 cents/kWh from the last auction in November.

The average price of the previous tender corresponds to the lowest approved bid this time. Overall, bids were approved in the range of EUR 3.8 cents/kWh to EUR 5.28 cents/kWh. The latter is just 8.7 percent below the highest approved bid in the very first auctions, informs the German authority Bundesnetzagentur.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Further reading

Related articles

Latest News

See all jobs