December 20 (Renewables Now) - Poland's latest wind and solar auction resulted in successful bids for new onshore wind projects with a total capacity in excess of 2.2 GW, the Polish Energy Regulatory Office (ERO) said on Thursday.
The auction, held on December 5, was for onshore wind and solar projects with a capacity of over 1 MW. Almost 78 TWh of total electricity was sold.
The minimum auction price was PLN 162.83 (USD 40.97/EUR 37.24) per MWh, while the maximum bid stood at PLN 233.29/MWh, according to the regulator.
The average price of PLN 208/MWh, was below the current wholesale energy price of PLN 220/MWh, according to the Polish Wind Energy Association (PWEA).
The ERO said that it received a total 164 bids in the auction. Out of the 101 successful projects with a total value of PLN 16.2 billion, onshore wind accounted for PLN 16.1 billion and solar for PLN 129 million.
(PLN 10.0 = USD 2.516/EUR 2.287)