The first ground-mounted EEG solar auction in Germany in 2025 was once again characterized by a large oversubscription and a further decreasing average strike price.
Of the 420 projects who submitted an application, 271 were awarded a subsidy. The total awarded capacity stood at 2.64 GW, with 3.84 GW submitted. The oversubscription had reached a preliminary peak in the previous auction and decreased this round slightly.
Awarded prices ranged from as low as 39.9 EUR/MWh to 48.8 EUR/MWh, with the volume-weighted average price dipping to 46.6 EUR/MWh – down from 47.6 EUR/MWh in the previous auction. The awarded capacity was increased from 2.3 GW at the previous auction to 2.6 GW.
Projects awarded subsidies at the lower end of the price spectrum may consider temporarily opting out of the EEG scheme. Pexapark values a 2-year solar Pay-as-Produced (PAP) PPA with a start date in January 2026 at approximately 49 EUR/MWh on 24 April including GoOs, resulting in a potential uplift of up to 7.6 EUR/MWh compared to the EEG strike prices. Additionally, the 1.2 GW of projects that were not awarded subsidies might look at signing PPAs as an alternative route-to-market.
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