France Onshore Wind Auction Sees Price Drop

This article first appeared on the BNEF mobile app and the Bloomberg Terminal.

  • 500MW of capacity awarded in first round
  • Average weighted bid was 65.40 euros/MWh

Levelized onshore wind auction bids in EMEA

Source: Bloomberg New Energy Finance. Note: LCOE and bids are based on expected commercial operation date. 

The results of the first French onshore wind auction are in and the sector has managed to show a measure of cost reduction. We calculate a levelized bid of $67.40 per megawatt-hour (57.23 euros per megawatt-hour) in 2017 dollars for French projects expected to come online in 2020/2021. Despite being 21 percent higher than the levelized bid for the first German onshore wind auction, for France this is good progress given that the existing FiT was 82 euros per megawatt-hour. Unlike in Germany, developers in France cannot make a bet on future technology cost reduction. Bidders are locked-in to using older turbines with smaller rotor diameters that they listed during the permitting application.

BNEF clients can see the full report, “1Q 2018 European Policy Outlook”, on the Terminal or on web.

BNEF Shorts are research excerpts available only on the BNEF mobile app and the Bloomberg Terminal, highlighting key findings from our reports. If you would like to learn more about our services, please contact us.

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us