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6 FAQs about [Latest bidding for photovoltaic energy storage]
Which solar-plus-storage projects were bidding in Germany's latest innovation auction?
All the bidding projects from Germany’s latest innovative auction were a combination of solar with energy storage. Image: Convergent Energy + Power. Germany’s latest innovation auction has awarded contracts to 32 solar-plus-storage projects with a cumulative capacity of 408MW.
What is a solar PV & energy storage innovation tender?
Launched in 2020, the innovation tender seeks to combine several renewable resources, however as shown in the latest auction all bids submitted have been for the combination of solar PV with energy storage.
How many winning bids are there for a 175 MW solar project?
As many as 21 winning bids for a total of 175 MW represent projects for solar installations along motorways and railways. In the previous round of the innovation auction, the Federal Network Agency aimed to allocate 400 MW but received only three bids with a combined capacity of 84 MW.
What's happening with solar & storage projects?
A double-header of large-scale solar and storage project news from Arizona, US, with PPAs between Recurrent Energy and utility APS, and developer Avantus selling a co-located project to D. E. Shaw. The latest Innovation Tender in Germany has concluded, with 32 solar-plus-storage projects totalling 408MW awarded contracts.
Which country has the most solar-plus-storage projects?
The auction sought solar-plus-storage projects on arable grasslands, with different criteria offered for different states. Bavaria was awarded the most capacity by far, with 245MW across 24 projects. Next closest was Mecklenburg-Western Pomerania with four projects for 79MW and Schleswig-Holstein with five projects for 73MW.
How much does a solar-plus-storage project cost?
The prices for successful bids ranged between €0.0678/kWh (US$0.073/kWh) and €0.0917/kWh and the average volume-weighted price was €0.0833/kWh, which the Bundesnetzagentur said was “well below” the maximum tendered price. The auction sought solar-plus-storage projects on arable grasslands, with different criteria offered for different states.