Solar energy storage won the bid

Is Germany's new solar-plus-storage innovation tender oversubscribed?

Image: Sungrow. The German Federal Network Agency (Bundesnetzagentur) has awarded 587MW of solar-plus-storage in its latest innovation tender. As has been the case in many of Germany’s recent solar PV auctions, the innovation tender ended up oversubscribed, with 154 bids made for 1.8GW of capacity out of 583MW tendered capacity.

How many GW of energy storage won bids in 2019?

The ISO noted that 1.7 GW of energy storage won bids, with 700 MW of those being new facilities this year. Energy storage first won capacity bids in the 2019 auction with 5 MW of capacity. Offshore wind had a big moment with Vineyard Wind 1, an ~800 MW facility nearing completion, securing capacity payments on its first bid.

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.

How much did solar projects win in the 2027-28 NE-ISO capacity auction?

Solar projects totaling 16.6 GW won $3.58/kW per month in the 2027-28 NE-ISO capacity auction. The latest New England Independent System Operator (ISO-NE) capacity auction for 2027-28 concluded with coal failing to secure a spot, while solar, storage and wind all increased their market share.

How many solar-plus-storage projects are in Germany?

Solar park in Germany. Image by: Statkraft (www.statkraft.com). As many as 16 solar-plus-storage projects with a combined capacity of 155.6 MW won the innovation tender in Germany with a bid deadline of August 1, the Federal Network Agency said on Wednesday.

How many solar projects were undersubscribed?

It was slightly undersubscribed as 23 projects, all of them for a combination of solar power and storage systems, with a total capacity of nearly 250 MW were submitted. Six of the bids were excluded from the tender.