PGE wins 97.2 MW of wind projects in Polish auction

Polish power group PGE Polska Grupa Energetyczna SA (WSE:PGE), or PGE, on Thursday said it will build three wind parks with a combined capacity of 97.2 MW won in Poland's just completed auction.

The proposed plants, collectively called the Klaster project, are planned to become operational by the middle of 2020. Following their commissioning, PGE will lift its overall installed wind power capacity by 18% to 647.2 MW.

The project, to be carried out by PGE’s subsidiary PGE Energia Odnawialna, was secured in Poland’s latest renewables auction, which resulted in weighted average bids of PLN 196.17 (USD 51.96/EUR 45.55) per MWh. Apart from the wind farms, Klaster includes the construction of a high-voltage transmission line with a length of almost 30 km (17 miles).

The Starza, Rybice and Karnice II wind farms will be located in West Pomerania, in northwestern Poland, near the Baltic Sea coastline. They will use 33 turbines with a capacity of 2 MW and 10 turbines will have capacities of 2.2 MW each.

PGE has 2.19 GW of renewable energy assets in its portfolio, including wind, hydropower, pumped storage and solar assets.

(PLN 1.0 = USD 0.265/EUR 0.232)

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