The Bundesnetzagentur has disclosed the results of the ground-mounted PV and first-segment solar installation auctions held on December 1, 2023. The latter saw an unprecedented 574 bids totaling 5,485 MW, surpassing the allotted volume of 1,611 MW. Notably, individual bids exceeding 20 MW, totaling 1,986 MW, were accepted for the final time. Ultimately, 124 successful bids were secured, amounting to 1,613 MW, with prices ranging from 4.44 to 5.47 cents per kilowatt hour (ct/kWh).
Bundesnetzagentur’s latest solar auction sees historic low bid prices
Prices in Bundesnetzagentur’s latest solar auction hit historic lows, ranging from 4.44 to 5.47 ct/kWh, signaling a transformative era for solar energy affordability. (Image Credit: SolarBytes).
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)