Offshore Wind Worldwide 2022 edition - Flipbook - Page 93
Offshore Wind Worldwide 2022
The tender regime described herein
applies to OWFs to be commissioned as
from 2026. Further tenders will be held
as from 2021. For OWFs with a
scheduled commissioning in 2021-2026,
tenders were already held in 2017 and
2018.
C. Incentives for investments
The principles of the incentive scheme for
sources of renewable energy including
OWTGs is provided for in the Renewable
Energies Act (cf. sec. 19-27). The main
incentives are financial support via market
premium or feed-in tariff payments. Other
instruments, for example the issuance of
certificates of origin, may likewise be
regarded as investment incentives.
1. Market premium/feed-in tariff payments
The Renewable Energies Act provides for
two basic incentives/payments schemes: a
market premium (“MP”) payment on the
basis of a (one sided) contract for
difference concept and a feed-in tariff
(“FiT”) payment. For OWTGs
commissioned after 31 December 2020,
these incentives only apply in case the
respective OWTG successfully participated
in the tender process.
The main support scheme applicable for
OWTGs is the MP payment since the FiT
payment only serves as a backup/default
payment (Ausfallvergütung) for OWTGs.
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The MP support scheme requires, inter
alia, that the operator of the OWTG itself
sells the produced power to a third party
via “direct marketing”. The third party
would typically be a direct marketer, but
may also be an end consumer. By
definition, direct marketing is not given if
the electricity is consumed in the
immediate vicinity of the OWTG and is not
transmitted through a grid.
The calculation of payments in both
schemes, MP and FiT, is based on a
specific “applicable value” (anzulegender
Wert – “AW”) for the OWTG.
For OWTGs to be commissioned as from
2021, the applicable value AW is
determined by the Federal Network
Agency (Bundesnetzagentur) in a
competitive tender process (see section
II.B). For each site advertised the bid with
the lowest value wins the tender. The
successful bid value then is the AW value.20
The MP per kWh is calculated on a
monthly basis according to the formula
MP = AW – MW, with MW being the
actual average monthly value of the market
value of electricity from offshore wind
energy installations on the spot market of
the EPEX Spot SE power exchange in Paris
for the price zone for Germany in cents per
kilowatt-hour.
The amount of FiT per kWh basically equals
the AW value minus 0.4 ct/kWh. However,
20 For OWTGs which are not yet subject to the new tender regime (grid connection confirmation or capacity allocation prior to 1 January
2017 and commissioning prior to 1 January 2021) the AW value is fixed (but subject to various alterations) to a base rate of 3.9 ct/kWh
and an initial rate of 13.9 ct/kWh (example for commissioning in 2020).