Record-low prices in German solar power auction

Solar power proves once more that it has reached a cost level that is hard to compete with.

BY RITZAU FINANS

An auction for German solar power projects of 200 megawatts has resulted in record-low prices at an average 5.66 euro cents per kWh. Deals were made in the auction for 32 projects with total capacity of 201 MW, writes Germany's Bundesnetzagentur in a press release.

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