28 Dec '16, 10am

#solar Danish solar auction delivers European low cost of US 1.81 cents/kWh

#solar Danish solar auction delivers European low cost of US 1.81 cents/kWh

Pure & Better Energy, a Denmark-headquartered developer of renewable energy projects, recently secured 20 MW of solar PV capacity at the inaugural Denmark-Germany cross-border auction for a European record-low cost of Danish Krone (DKK) 12.89/MWh ($1.81/MWh). This tariff is in addition to Denmark’s market spot power price, which is currently priced at between DKK 20-25/MWh (approximately $2.81/MWh). Together, the price received by Pure & Better Energy for the solar power it provides adds up to ~$4.60/MWh ($0.046/kWh), while the market pays only whatever the spot price is at a given time. These numbers represent a hugely competitive price for solar power in Europe, indicating that the region can compete on cost against some of the more sunny regions of the world. The bids were lodged by three subsidiaries of Pure & Better Energy at October’s auction, which was the first eve...

Full article: https://www.pv-magazine.com/2016/12/28/danish-solar-aucti...

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