Germany launches wind auction as election nears

This year's third tender of 1 GW onshore wind has been launched while the industry is concerned about the foreseeable future, and German states are literally growing the distance to onshore turbines.

Photo: Frank Boutrup Schmidt/Vestas

The German regulator, the Bundesnetzagentur, has launched this year's third onshore wind auction after the two previous auctions were big successes in terms of costs. The average price declined this August to EUR 4.28 cents/kWh, and just like the previous auctions, the latest will concern 1 GW wind, and this time run to Nov. 2.

"The first two auctions saw intense competition," says the chairman of the Bundesnetzagentur, Jochen Homann.

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.

Siemens Gamesa drags down majority shareholder

Despite better sales than expected in the gas business, Siemens Energy downgrades its full-year guidance in the wake of Siemens Gamesa’s announcement of potentially massive losses in 2022.

Further reading

Related articles

Latest News

See all jobs