Auction results for innovative installation concepts
The Bundesnetzagentur has announced the results of the innovation auction that closed for bids on 1 August 2021.
Year of issue 2021
Date of issue 2021.08.18
As in the innovation auction on 1 April 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 auction was for a volume of 250 MW.
Auction slightly undersubscribed
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.
Slight increase in market premiums
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.
Next steps
Information on the next steps in the process is available (in German) on the Bundesnetzagentur website at www.bnetza.de/innaus21-2.
The updated bidding round statistics will be published shortly.