EnergyWatch

German wind returns to former price departure point

The price of onshore wind increased in the second consecutive tender, and it reached the same price level as in the first German tender. However, the reason behind the price increase could disappear.

Photo: Frank Boutrup Schmidt/Vestas

It was big news in May 2017, when the average price of onshore wind at a recent German tender went as low as EUR 0.0570 per KWh. Thursday last week, it was also big news that the average price of German tendered onshore reached as high as EUR 0.0573 per KWh.

The difference may be a fraction of a euro cent, but should be considered in light of the first tender held last year, when the prior allocation of onshore wind was priced at at EUR 0.083 per KWh. The latest result is understood in the context of the EUR 0.037 price from November. In fact, one bid was as low as EUR 0.022 per KWh.

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