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Second German solar installation tender sees strong competition

London (Platts)--13 Jun 2018 650 am EDT/1050 GMT


The second tender for solar installations in Germany was met with a high degree of interest as volumes were oversubscribed with only about half of all bids successful, grid regulator BNetzA said Wednesday.

While the highest successful bid was Eur49.60/MWh, the average cleared price rose slightly to Eur45.90/MWh. In comparison, the previous bidding round registered an average clearing price at Eur43.30/MWh.

Out of 59 bids and a volume of 360 MW, a total of 28 bids (183 MW) were eventually awarded a contract, according to the grid operator.

BNetzA's President Jochen Homann said the results would display "once again the strong competition with solar installations...this round also shows the high potential for solar systems on arable and grassland areas of inferior quality."

These areas designated as less-favored areas of lower quality are located in the federal states of Bavaria and Baden-Wuerttemberg.

--Inga Freund, inga.freund@spglobal.com
--Edited by Jonathan Loades-Carter, jonathan.carter@spglobal.com

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