Germany bans negative offshore bids, tender cap cut to €100/MWh

http://bit.ly/2sAvlQZ

Germany bans negative offshore bids, tender cap cut to €100/MWh

After
most
acreage
in
Germany’s
first
offshore
wind
auction
in
April
was
won
by
zero
subsidy
bids,
its
parliament
has
amended
its
Wind
Energy
at
Sea
Act
(WindSeeG)
to
outlaw
negative
bids
in
order
to
impede
a
downward
spiral
into
negative
territory
in
next
year’s
1.6GW
tender.

The
Bundestag
late
last
week
also
lowered
the
price
cap
for
offshore
bids
to
€100
($113.6)
per
megawatt
hour
from
€120/MWh
originally
planned,
and
enacted
several
new
rules
to
streamline
grid
fees
and

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