Over 400MW awarded in French auction as prices jump 4.7%

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
The auction has seen prices rise by an average of 4.7%. Image: Engie

France’s ninth auction for ground-based solar PV has seen 452MWp awarded.

This capacity is spread across 69 winners, with the average price proposed by the winners coming in at €60.10/MWh (US$72.94), an increase of 4.7% on the previous period.

When broken down, the proposed price for installations above 5MWp was €53.38/MWh, whilst for installations between 500kWp and 5MWp it was €62.65/MWh. A third category in the auction – for installations on parking lot shades – saw a price of €80.69/MWh.

Winners of the latest auction include a number of Engie projects including three 5MWc projects and two 10MWc sites as well as several Urbasolar projects with a variety of capacities including an 11.62MWc site in the Grand Est region. Other winners include EDF, ib vogt GmBH and Neoen among others according to analysis posted by French financial advisor Finergreen on social media site LinkedIn.

Finergreen outlined how Neoen was the biggest winner of the auction, with 73.8MWc contracted for, followed by Engie with 61.4MWc and then Total Quadron with 49.4MWc.

When compared to the previous auction – France’s eighth, with the results released in October 2020 – prices have risen, with the eight auction seeing prices of €57.4/MWh (US$68/MWh), with this price being down 7.4% from the preceeding seventh auction. That eighth auction saw 341MW contracted for, with the auction oversubscribed.

In response to the results for the eighth auction, the French Ministry of Ecological Transition said the drop in price “confirms the drop in costs, the dynamism and the competitiveness”.

Prices also fell in France’s latest auction for projects in territories not connected to the country’s main grid network, with the results of this third auction being announced in January 2021. A total of 57MW of solar-plus-storage projects received contracts, with prices dipping below €100/MWh (US$122.75/MWh).

29 March 2022
Now in its 10th sell-out year, Large Scale Solar returns to Lisbon in 2022. We are excited to gather together face-to-face with the European solar industry as we provide unique and exclusive access to a powerful selection of the market's key stakeholders. Join this elite summit to find out how the market is maturing, which new markets are becoming more exciting, how technology is evolving and who's driving the market forward into the 2020s. Always senior, packed with developers, EPCs, utilities and investors this is the event for companies serious about European solar PV.

Read Next

January 11, 2022
Algeria has launched a tender process to support the deployment of solar PV projects in the country with a total capacity of 1GW.
January 6, 2022
JinkoSolar has won a tender issued by the China Petroleum Engineering and Construction Corporation (CPECC), an affiliate company of the China National Petroleum Corporation (CNPC), for up to 1.85GW of high efficiency TOPCon modules
January 6, 2022
Chile has published details of its latest power auction, set to take place later this year and contract 5,250GWh per annum for 15 years.
January 5, 2022
Spain will allocate up to 140MW of distributed solar PV capacity in the country's next renewables auction, set to take place this April.
January 4, 2022
NTPC Renewable Energy (NTPC REL), the renewables arm of Indian state-owned power giant NTPC, has invited bids for balance of system (BOS) packages with land anywhere in India for 1000MW worth of projects within the Interstate Transmission System (ISTS) connected solar projects programme
December 20, 2021
Fuel distribution company Rubis has entered the PV sector with the acquisition of a majority stake in Photosol, a France-based solar developer and independent power producer.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal