The tender concluded with a final price ranging between DKK 0.1000 (US$0.15) to DKK 0.1490 (0.22) per kWh. Overall, nineteen 1 MW projects from eight different bidders were selected.
Two utility-scale solar PV projects totaling 32 MW are set to come online in Denmark by the end of 2018, having received financing from the Danish Green Investment Fund.
Two weeks after issuing a tender for solar up to 1 MW, the Danish Energy Agency has now launched a second tender scheduled for this year, for large-scale solar and wind projects. Selected schemes will be eligible to receieve a premium feed-in premium over a 20-year period.
Through the exercise, the Danish Energy Agency will allocate around 35 MW of PV capacity. The $16.7m tender was originally scheduled for last year.
The sunny, dry summer has seen solar break several records and PV kept the lights on when a lack of coolant – caused by rising river water temperatures – led to the temporary shuttering of conventional power plants in France and Germany.
In a report on the outlook for the Danish energy market, the agency predicted solar will keep having a minimal share in the country’s energy mix as it grows from around 900 MW to just 1.4 GW by 2030.
The budget for the first auctions of this kind, for the period 2018-2019, is around €112 million. They are part of Denmark’s new energy strategy, dubbed “Energy for a green Denmark.”
The German bank will provide around €40 million. Part of the money is earmarked for PV projects awarded contracts in the first cross-border tender between Germany and Denmark.
The Danish government has released a new energy policy, which aims, among other things, to create more competition among clean energy technologies, and reduce the average level of support to renewables to 0.10 DKK (US$0.016)/kWh.
The Danish investment firm will use the funds to finance wind, solar, biomass and geothermal projects across several markets. The final close of the fund exceeded its end goal by €500 million.
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