• Renewable Power
  • Nuclear Power
  • Thermal Power
Power Gen Advancement
  • Home
  • News

    German Regulator Hikes The Price Cap For Solar And Wind Bids

    Energy Shortage In Germany Encourages Hydrogen Transition

    Investing In Renewable Energy By Nations Hits $1.2T- IEA

    Shikun & Binui Energy completes construction on 260-MW Texas solar project

    Lightsource bp finishes second solar project for Southeastern Pennsylvania Transportation Authority

    The EIB finances Iberdrola’s solar plants in Portugal

    Acwa Power enters PPA for Uzbekistan wind farm

    Vestas wins an order for 93 MW of wind power in Sweden

    China

    China Is Building World’s Biggest Floating Offshore Wind Farm

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements
    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    By 2040, Floating Offshore Wind To Add 67K Total Jobs In UK

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
  • Home
  • News

    German Regulator Hikes The Price Cap For Solar And Wind Bids

    Energy Shortage In Germany Encourages Hydrogen Transition

    Investing In Renewable Energy By Nations Hits $1.2T- IEA

    Shikun & Binui Energy completes construction on 260-MW Texas solar project

    Lightsource bp finishes second solar project for Southeastern Pennsylvania Transportation Authority

    The EIB finances Iberdrola’s solar plants in Portugal

    Acwa Power enters PPA for Uzbekistan wind farm

    Vestas wins an order for 93 MW of wind power in Sweden

    China

    China Is Building World’s Biggest Floating Offshore Wind Farm

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements
    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    By 2040, Floating Offshore Wind To Add 67K Total Jobs In UK

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
Power Gen Advancement
No Result
View All Result
Home News

German Regulator Hikes The Price Cap For Solar And Wind Bids

in News, Solar Energy

In an effort to rekindle interest among bidders who had previously shied away from auctions due to rapidly increasing prices, Germany’s federal grid agency (BNetzA) has increased the maximum pricing for onshore wind and solar rooftop bids that will be held the following year.

Following previous auctions for both technologies that had been severely undersubscribed, the agency set a new bidding price ceiling of €73.50 ($78.27) per MWh for onshore wind and €112.50 per MWh for rooftop solar systems for tenders in 2023.

Apparently, onshore wind had a €58.88/MWh price cap in the most recent auction, and rooftop solar had a €88.40/MWh price cap. With the newly established maximum values, installations that take part in tenders in the upcoming year can earn a sizable profit. Klaus Müller, president of BNetzA, expressed his optimism that the proportion of bids, which had drastically decreased, would rise once more and that competition could resume.

In order to ensure solid conditions for reaching expansion targets, he continued, the agency is also getting ready to increase the price cap for ground-based solar arrays.

Earlier this month, the German lawmakers expanded the BNetzA’s authority to raise price ceilings by 25% rather than the 10% that had previously been allowed.

Demand for the most recent onshore wind and solar tendering rounds in Germany was disappointingly low, as many investors decided not to submit bids because the price ceilings were too high in light of the recent extreme inflation and rising interest rates that drive up financing costs.

Despite having building licences, only 3.2 GW of the 4.6 GW of onshore wind capacity offered in 2022 was actually awarded, according to the German wind energy association, BWE, which also noted that a record 12.8 GW is scheduled to be auctioned off in 2023.

According to BWE president Hermann Albers, increasing the price cap to €73.50 per MWh already for the first wind contract with a bid deadline of February 1, 2023, establishes the groundwork for widespread participation.

The majority of projects would now be in a stronger starting position, Albers said that even if there will be those for which the maximum value does not yet offer a solid basis in view of large increased costs and further interest rate hikes.

The plainly undersubscribed tenders from the previous year have led the Federal Network Agency to the correct conclusions.

Previous Post

Energy Shortage In Germany Encourages Hydrogen Transition

Related Posts

Hydro Power

Energy Shortage In Germany Encourages Hydrogen Transition

December 30, 2022
News

Investing In Renewable Energy By Nations Hits $1.2T- IEA

December 29, 2022
News

Shikun & Binui Energy completes construction on 260-MW Texas solar project

December 29, 2022
News

Lightsource bp finishes second solar project for Southeastern Pennsylvania Transportation Authority

December 29, 2022
News

The EIB finances Iberdrola’s solar plants in Portugal

December 29, 2022
News

Acwa Power enters PPA for Uzbekistan wind farm

December 29, 2022

LatestNews

News

German Regulator Hikes The Price Cap For Solar And Wind Bids

December 30, 2022
Hydro Power

Energy Shortage In Germany Encourages Hydrogen Transition

December 30, 2022
News

Investing In Renewable Energy By Nations Hits $1.2T- IEA

December 29, 2022
News

Shikun & Binui Energy completes construction on 260-MW Texas solar project

December 29, 2022
News

Lightsource bp finishes second solar project for Southeastern Pennsylvania Transportation Authority

December 29, 2022
News

The EIB finances Iberdrola’s solar plants in Portugal

December 29, 2022
Power Gen Advancement

About Us

Power Generation Advancement is a leading information centric website providing latest up to date information and happenings within the industry. The website is sub divided into 3 sectors updating the latest news and developments about Power Generation industry through Renewable Energy, Nuclear Energy, Thermal Energy sources. Power Generation Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Resources

  • Advertise with us
  • Our Services
  • Contact Us
  • Download Mediapack
  • Newsletter Archive

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Market Moves
  • Press Statements
  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In