Germany Plans First Auction for New Gas Plants in September

Germany plans to start holding tenders from September to build new gas-fired power plants, a draft law seen by Bloomberg shows, a move that has come under pressure from the chancellor’s junior coalition partner.

A total of 9 gigawatts of long-term capacities will be auctioned on Sept. 1 and Dec. 8, with another round of 2 gigawatts — which can include battery storage — held in May 2027, according to the document from the economy ministry. The legislation has been in the works for three years, and the plants should be operational by 2031.