German authorities have approved hundreds of megawatts in additional
capacity at onshore wind farms. The price at which it awarded the
projects was below expectations, pointing to stronger competition.The German Economy Ministry announced Friday it had approved 807 megawatts of capacity at onshore wind parks.
The projects were granted at an average price requiring a subsidy of 5.71 eurocents ($0.89) per kilowatt hour of power, marking a price reduction of 20 percent on previous deals.
Approval procedures had been closely watched by turbine manufacturers, project developers and utilities after recent offshore wind farm auctions included bids for zero-subsidy deals for the middle of the next decade as the industry is requested to cut costs.
Friday's auction was the first for onshore wind projects under the latest changes to the renewable feed-in tariff law in Germany accompanying the nation's transition from fossil fuels to green energy excluding nuclear.
Read more: Germany approves onshore wind farms expansion | Business | DW | 19.05.2017
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