The French government has unveiled the results of the fifth major auction for ground-mounted solar photovoltaic (PV) projects, which has ended with 118 winners. 855 MW were processed at the auction of late February 2019, open for ground-mounted projects with capacities ranging between 500 kW and 30 MW. The average bidding price reached €62.7/MWh (+3% on 2018). More specifically, average prices reached €56.8/MWh for projects with capacities ranging between 5 MW and 30 MW and €63.8/MWh for smaller projects with capacities ranging between 500 kW and 5 MW. Engie won 3 projects (39 MW).
France aims at reaching 40% of renewable energies by 2040 and pushes for the development of solar energy, which is expected to reach 20.2 GW of installed capacity by 2023. In December 2017, the government increased the volume of solar tenders in the country by 1 GW per year in order to accelerate the development of photovoltaic energy. These multi-year tenders cover solar volumes of 1.45 GW per year over a period of 3 years. Since their launch, these tenders have already allowed the allocation of 1 GW of solar projects on the ground and 300 MW of building installations. France will now tender up to 2.45 GW per year of solar projects.
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