Germany Awards Higher Prices in Onshore Wind Power Auction
Shares in Denmark's Vestas, the world's largest maker of wind turbines, were 3.8 percent higher after the news, which signals a temporary halt to relentless price pressure that has dominated the industry for years.
In the past, BnetzA's auctions had favoured co-operatives over big commercial players to raise acceptance for wind power technology, often the subject of controversy in affected regions, within local communities.
BnetzA said it had accepted 83 bids for a combined volume of 709 megawatts (MW), with small and medium-sized businesses among the winners, including Germany's Enercon, the world's fifth-largest wind turbine maker.
In total, 132 bids were submitted with a total capacity of 989 MW.