27 Aug 2018

High implementation rate of solar power auction upheld

Federal Network Agency

The high implementation rate of solar power projects awarded support in Germany’s renewables auctions is being upheld after the latest implementation period for open area solar arrays closed on 18 August, the Federal Network Agency (BNetzA) said in a press release. More than 96 percent of 125 megawatt (MW) of solar capacity auctioned in 2016 has been implemented at an average support level of 7.25 cents per kilowatt hour (kWh), the BNetzA said. “Implementation levels remain high despite falling support rates,” BNetzA president Jochen Homann added. The average support rate for solar power has fallen from 9.17 ct/kWh in the first auction to 4.59 ct/kWh in the latest auction in June 2018, according to the agency.

Find the press release in German here.

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