Over 1.7 GW of wind, solar win contracts in latest Polish auction

Poland’s Energy Regulatory Office, or URE, on Monday announced the results of its latest renewable energy auction, unveiling that over 41.9 TWh of total power has been contracted through 2038 across 96 bids.

The regulator said more than 1.7 GW of new green energy capacity would be built as a result of the tender, including 0.8 GW of solar photovoltaic (PV) farms and 0.9 GW of wind parks.

The prices offered by the winners ranged from PLN 190 (USD 52.0/EUR 42.8) per MWh to PLN 249.90 per MWh. The total value of the contracted power is estimated at about PLN 9.4 billion. According to the regulator, the average price offered by the winners in this tender was 7.5% higher than that registered last year, when the range was PLN 162.83/MWh to PLN 233.29/MWh.

The latest auction took place on November 26 and was targeting new megawatt-scale onshore wind and solar projects. The 96 successful bids came from 70 companies. They now have 33 months for wind and 24 months for PV projects to start selling the contracted electricity.

Some notable names that ended up in the winners’ list include EDP Renewables Polska, Polenergia SA (WSE:PEP) and RWE AG (ETR:RWE). The full list is available here: https://www.ure.gov.pl/pl/urzad/informacje-ogolne/komunikaty-prezesa-ure/9175,Informacja-nr-652020.html

There is one last auction remaining for 2020 and it will be targeting small wind and PV installations.

(PLN 1.0 = USD 0.274/EUR 0.226)

Choose your newsletter by Renewables Now. Join for free!