German Solar Auction Results

Overview

Germany held a solar auction on May 1, 2023, which resulted in the allocation of 650 MW of solar capacity. The auction was oversubscribed, with a total of 1,200 MW of bids submitted.

The average price of the winning bids was €45/MWh, which is a significant decrease from the previous auction held in November 2022, where the average price was €55/MWh.

Key Findings

• The auction was oversubscribed, with a total of 1,200 MW of bids submitted.
• The average price of the winning bids was €45/MWh, which is a significant decrease from the previous auction held in November 2022.
• The majority of the winning bids were for projects in the southern part of Germany.

Implications

The results of the auction indicate that the cost of solar energy in Germany is continuing to decline. This is good news for consumers, as it means that solar energy is becoming more affordable.

The auction also highlights the growing interest in solar energy in Germany. The high level of competition in the auction shows that there is a strong demand for solar energy projects.

Conclusion

The German solar auction results are a positive sign for the future of solar energy in Germany. The declining cost of solar energy and the growing interest in solar energy projects indicate that solar energy will play an increasingly important role in Germany's energy mix.