The Bremen-based developer wpd has won contracts totalling 156.9 MW in the latest onshore wind auction held by Germany’s Federal Network Agency (BNetzA). The company secured the awards in a round marked by intense competition and falling clearing prices.
The tender was heavily oversubscribed. Against 2,495 MW on offer, the agency received 628 bids totalling 6,409 MW, of which 270 bids for a combined 2,499 MW were successful. The average volume-weighted award value fell to 5.06 cents per kilowatt-hour, the lowest level since the current bidding procedure was introduced, underlining continued price pressure in the German market.
“With 156.9 megawatts of awarded capacity we have achieved a very strong result in an exceptionally demanding market,” said Hartmut Broesamle, managing director of wpd. He linked the outcome to the quality of the company’s project development and the competitiveness of its portfolio.
wpd secured around 300 MW in the previous auction round and is currently building more than 1 GW of onshore wind in Germany. Founded in 1996, the company develops and operates wind and solar projects in 32 countries, including markets around the Baltic Sea, and reports a total pipeline of some 38,545 MW of onshore wind and 8,015 MW of solar.
