Initial Thoughts: Germany’s First Technology-Neutral Renewable Energy Auction
Germany’s first technology-neutral auction was launched on February 19, with 200 MW of capacity on offer. Results were announced on April 12. The auction was open to both onshore wind and solar PV. In contrast to Germany’s technology-specific auctions, in this auction, surcharges were added to the bids of projects to be sited in grid-congested areas, in order to encourage development elsewhere.
This brief provides coverage of the assumptions behind bid prices, how tender rules might have affected wind participation, and LCOE expectations.