The weighted average tariff of the awarded projects was €0.0455 (~$0.0532)/kWh
German Federal Network Agency Bundesnetzagentur has announced the auction results for the 250 MW solar innovation auction. In all, 16 solar plus storage projects with a combined capacity of 156 MW were declared winners in the auction.
The last date for the submission of bids was August 1, 2021.
The weighted average tariff of the awarded projects was €0.0455 (~$0.0532)/kWh, slightly higher than in the previous round when it was €0.0429 (~$0.0501)/kWh.
The lowest bid quoted by the winning bidders for the solar plus storage combination was €0.0399 (~$0.0466)/kWh and the highest bid was €0.0548 (~$0.0641)/kWh.
Unlike in the standard, technology-specific auctions, the financial support provided to winners in this auction is added to the market revenues, so the results of this auction cannot be compared with the standard auctions.
The auction was undersubscribed, with 23 bids comprising a capacity of nearly 250 MW submitted. The number of bids and the bid volume submitted was around half of that in the previous auction round. All bids were for combinations of solar installations with storage facilities.
The statutory volume control was applied for the first time as the action was undersubscribed. This meant that bids were awarded until 80% of the bid volume of the accepted bids had been reached or exceeded. Only 16 bids with a total volume of 156 MW were successful due to the volume control. Six bids were disqualified due to errors.
