/LONDON, August 26, 2021, 9:10 BST, RENEWABLE MARKET WATCHTM/
The German Federal Network Agency (Bundesnetzagentur) has announced the results of the innovation auction that closed for bids on August 1, 2021. As in the innovation auction on April 1, 2021, only bids for combinations of at least two renewable energy installations with different generating technologies at the same grid connection point could be accepted. The round was slightly undersubscribed, with 23 bids comprising a volume of nearly 250 MW submitted. The number of bids and the bid volume submitted were around half what they were in the previous auction round. All bids were for combinations of solar installations with storage facilities. Six bids had to be disqualified due to formal errors. As this round was undersubscribed, the statutory volume control for the innovation auction was applied for the first time. This meant that bids were awarded until 80% of the bid volume of the accepted bids had been reached or exceeded. As a result of the volume control, only 16 bids with a total volume of 156 MW were successful, according to the market study Europe Net Metering and Self-Consumption Solar Photovoltaic (PV) Market Outlook 2021 – 2030.
The fixed market premiums for the successful combinations were between 3.99 and 5.48 ct/kWh. The volume-weighted average premium was thus 4.55 ct/kWh, slightly higher than in the previous round when it was 4.29 ct/kWh.
Unlike in the standard, technology-specific auctions, this financial support is added to the market revenues, so these figures are not comparable with those from the standard auctions.
ABO Wind revealed in a press release that it was successful for the third time in the third innovation tender of the German Federal Network Agency: Two further hybrid projects combining photovoltaics and battery storage were awarded a tariff. Together, the two projects in Weichenried (Bavaria) and Weilerswist (North Rhine-Westphalia) have a capacity of 9.7 megawatts peak and are scheduled to be connected to the grid by summer 2023 at the latest.
ABO Wind has won tariffs for four hybrid projects with a capacity of more than 18 megawatts in the first two innovation tenders in September 2020 and April 2021. The project in Wahlheim, Rhineland- Palatinate, is the most advanced. Here, construction work is expected to begin as early as October. “Storage systems play a crucial role in further increasing the share of electricity generated from renewable energy sources in Germany,” says Dr Thomas Treiling, Head of Project Development in Germany. “And we are proud to be one of the pioneers in this innovative sector.”
The strong run for small scale residential and commercial solar photovoltaic (PV) installations in Germany continued in 2021. This run is boosting the solar plus energy storage installations. The Renewable Market Watch™ expects more than 138,700 residential solar storage systems will be installed in the country in 2021, up from 105,893 in 2020.
The speed at which the capacity of self-consumption and net metering solar photovoltaic (PV) installations in Europe has grown since 2010 surprised many stakeholders and market players. Thus, European net metering and self-consumption solar photovoltaic (PV) capacity grew by 14.6 per cent in 2019 compared to 2018, Europe Net Metering and Self-Consumption Solar PV Market Outlook 2021 – 2030 revealed. This growth represents a significant opportunity to establish a clean, secure and resilient energy system for the European economy.
The more information about the solar energy storage projects in Europe, including country profiles, you may read here: Europe Net Metering and Self-Consumption Solar Photovoltaic (PV) Market Outlook 2021 – 2030
To download the executive summary brochure with sample pages, please access from here: Europe Net Metering and Self-Consumption Solar Photovoltaic (PV) Market Outlook 2021 – 2030 – Sample
For a better understanding of the benefits of using our reports, you may read here: Benefit List – Reports of Renewable Market Watch – 2021
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