Onshore wind auction that ended on 1 November 2024 sees record volume of bids
Year of issue 2024
Date of issue 2024.12.11
The Bundesnetzagentur has today published the results of the auction for onshore wind farms that closed for bids on 1 November 2024.
"The bids submitted shattered the old record, which was set in the previous auction, with more than twice as much volume and nearly as many bids as in all the 2023 auctions combined. The very positive bids trend will also clearly show in the number of wind turbines that will go into operation beginning next year,"
said Klaus Müller, President of the Bundesnetzagentur.
Bid volume more than 6 GW
The auction was for a volume of 4,094 megawatts (MW), with 528 bids submitted for a total of 6,083 MW. The auction was 1.5 times oversubscribed and resulted in 348 bids with a total volume of 4,098 MW being awarded. Some 12 bids had to be excluded from the award procedure.
The Bundesnetzagentur had not reduced the auction volume before the auction because the very high number of newly registered approvals suggested that the auction would be oversubscribed. For the first time since February 2022 the volume of bids submitted actually exceeded the unreduced auction volume.
The prices of the successful bids in the pay-as-bid auction ranged from 6.93 cents per kilowatt hour (ct/kWh) to 7.35 ct/kWh. The average volume-weighted award price fell from 7.33 ct/kWh in the previous auction to 7.15 ct/kWh, thus remaining only slightly below the highest price of 7.35 ct/kWh.
The federal state with by far the most volume awarded was, as in previous rounds, North Rhine-Westphalia (1,256 MW, 116 winning bids), followed by Lower Saxony (606 MW, 46 winning bids), Mecklenburg-Western Pomerania (429 MW, 32 winning bids) and Brandenburg (380 MW, 46 winning bids). Most of the federal states saw increases over the previous round. The federal states of Bavaria and Baden-Württemberg in the south of Germany also saw a significant increase with a total of 18 winning bids (281 MW).
Further information
Further information about the auction can be found on the Bundesnetzagentur’s website (in German) at www.bundesnetzagentur.de/1029188.
Updated statistics will be published in due course.
The next onshore wind auction will close for bids on 1 February 2025.
