First German Offshore Wind Auction: Winners Announced

Wind Industry Profile of

Jochen Homann: ""Average award price of 0.44 ct/kWh far below expectations""

The Bundesnetzagentur has today announced the results of the first auction for grid connections and funding for existing offshore wind farm projects. "The average weighted award price of 0.44 cents per kilowatt hour is far below expectations. This shows the auction has unlocked medium and long-term cost reduction potential, which will lead to a reduction in funding to an extent that had not been expected," said Jochen Homann, Bundesnetzagentur President, commenting on the outcome of the auction. "Offshore wind energy is categorically proving its competitiveness. This is good news for all electricity consumers who contribute to funding renewable energy through the... ... More: Official Press Release Bundesnetzagentur

Keywords:

Bundesnetzagentur, auction, Germany, winner