German Chancellor Angela Merkel’s Cabinet approved plans for technology-neutral clean power auctions pitting onshore wind and solar developers against each other.
Germany will hold three 400-megawatt pilot auctions from next year to 2020, the Economy and Energy Ministry in Berlin said May 17 in an email. Depending on the outcome, the ministry may hold more tenders, it said.
The government is separately holding larger auctions specifically for onshore and offshore wind and solar power this year. Those sales “boost the security of energy supplies and increase regional distribution” for clean energy plants, according to Deputy Economy and Energy Minister Rainer ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.