Germany's Latest Renewable Tender Sees Record Oversubscription
The latest renewable energy tender in Germany has seen a significant response, with 163 bids submitted for plants with storage near me, totalling 2,182 megawatts. This marks a fourfold increase in oversubscription compared to the previous round. The tender resulted in 33 awards, all for photovoltaic plants combined with storage, amounting to 490 megawatts.
Schleswig-Holstein and Brandenburg each received two awards, with volumes of 54 and 51 megawatts respectively. Notably, Bavaria secured one third of the total awards, with a volume of 122 megawatts. The awarded projects will feature batteries that can store electricity generated in two hours, but cannot store grid electricity or receive a market premium during negative wholesale electricity prices.
Award prices varied from 4.79 to 5.59 cents per kilowatt hour, with an average volume-weighted award price of 5.31 cents per kilowatt hour. Despite the company receiving the 122 megawatt prize in the Innozenz tenders for public storage and extra space storage systems with storage in Bavaria remaining unspecified, the tender process has been hailed as a success, demonstrating the growing interest in renewable energy energy storage solutions.
The recent tender has underscored the increasing demand for renewable energy storage in Germany. With 163 bids submitted and 33 awards made, the tender volume was four times oversubscribed. The awarded projects, totalling 490 megawatts, will contribute significantly to the country's renewable energy targets.
Read also:
- Aiming to simplify the move towards cleaner automobiles, the newly established ministry plans to take direct action with Pannier-Runacher, Létard, and Vautrin at the helm.
- "The imperfect yet essential documentary, "Planet of the Humans," raises challenging and uncomfortable inquiries"
- Exciting Escapades of Tintin
- More than half of British homes adhere to insulation standards established during the 1970s.
