Polish auction awards contracts for 5 TWh of green power

PGE's first solar plant. Author: PGE Polska Grupa Energetyczna SA. License: All Rights Reserved

July 10 (Renewables Now) - Poland’s latest auction for solar, wind and hydro projects, held at the end of June, awarded contracts for over 5 TWh at prices of between PLN 195 (USD 52.4/EUR 46) and PLN 474 (USD 127.3/EUR 112) per MWh.

The results were released last week by the Energy Regulatory Office in Poland.

Chinese solar company ReneSola Ltd (NYSE:SOL) said in a statement today it has won 15-year contracts with guaranteed rates of PLN 385-392 per MWh for 42 projects of 1 MW each. These are to be connected to the grid in the second and third quarter of 2018, respectively.

ReneSola was among the bidders in the auction on June 29, when 352 solar projects won contracts under the Contract for Difference (CfD) regime for 4.72 TWh of power. On the next day existing renewable energy installations looking to migrate to the auction system were allowed to compete for contracts. All 44 valid bids were successful as they offered just 312.44 GWh, while the tender sought nearly 1.49 TWh.

(PLN 10 = USD 2.69/EUR 2.36)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for seven years now. She's got a soft spot for emerging markets.

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