Update: The consultation deadline has been extended to 6 September 2024.
Germany will change its renewable support mechanism from 2027 with a scheme based on production-independent remuneration looking increasingly likely.
The country’s ability to reach its ambitious 2030 targets would remain under question if the government fails to plan and communicate the changes in time, although the supply on the local guarantees of origin (GOs) market would remain unaffected. On the other hand, projects in prime locations are still likely to be realised via power purchase agreements (PPA).
Background Germany’s current support scheme is based on a floating premium model where solar and onshore wind plant operators are paid a remuneration when achieved electricity prices on the wholesale market are below a reference price set via auctions. …
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