European Utilities "European renewables auction tracker" Serwinowska

Research evidence excerpt

European Utilities "European renewables auction tracker" Serwinowska

Global Research

17 July 2026ab

European Utilities Equities

Europe including UKEuropean renewables auction tracker

Utilities

Wanda Serwinowska, CFA

European auction tracker Analyst

We publish our European renewables auction tracker for the main European countries wanda.serwinowska@ubs.com

(Germany, Italy, France, the UK, Greece and Poland) including results of auctions +44-20-7568 3980

announced since February 2026 (when we published the previous edition). For each Mark Freshney

country, we show the past tender volumes, awarded capacity, bid cap and average Analyst

winning bids where available. mark.freshney@ubs.com

+44-20-7568 3989

Onshore wind prices down Gonzalo Sanchez-Bordona

The recent onshore wind auctions held by France and Germany were successful - they Analyst

were c2.5-3x oversubscribed with a lower clearing price compared to the previous gonzalo.sanchez-bordona@ubs.com

+34-91-745 4147

auctions. In Germany,the clearing price declined to €51/MWh (down 9% vs the

previous auction and down 25% over the past 12 months). In our view, this can be Christabel Kelly

driven by competition (the oversubscription rate kept increasing reaching 2.6x) and we Analyst

also noted an improved permitting (Germany approved c21GW of onshore wind christabel.kelly@ubs.com

+44-20-7568 2358

projects in 2025). In March 2026, Germany's Energy minister announced a plan for

additional 12GW of onshore wind tenders by 2030. In France, the recent onshore wind Anna Webb

auction remains heavily oversubscribed (3x) and the strike price declined to €71/MWh Analyst

(down 11% vs the prior auction). In France, repowering projects dominated the onshore anna.webb@ubs.com

+44-20-7568 8293