Poland’s Energy Regulatory Office (URE) has allocated 2.5 GW of renewable capacity in the latest round of auctions conducted by Renewable Energy Sources (RES) in May and June this year. Through these auctions, solar PV installations of 2.2 GW and 0.3 GW of onshore wind will be installed.
37 TWh of electricity worth over PLN 8.5 billion (~$2.23 billion) was contracted in these auctions.
The total amount of energy offered by developers (over 32.5 TWh) accounted for nearly 84% of the amount of energy specified in the auction notice. The total value of energy offered by developers – over PLN 7.7 billion (~$2.02 billion) – accounted for less than 72% of the energy value specified in the auction.
The ceiling tariff in this basket was PLN 320 (~$84.23)/MWh for solar projects and PLN 250 (~$65.81)/MWh for wind projects. The minimum tariff discovered in these auctions was PLN 179 (~$47.12)/MWh for onshore wind projects and PLN 209 (~$55.02)/MWh for solar projects.
The auction for small (less than 1 MW) photovoltaic (PV) and onshore wind installations attracted the greatest interest, with 432 developers joining the auction, submitting a total of 1,264 bids. However, all the bids were made for PV installations.
Meanwhile, 88 developers participated in the auctions for larger units (capacity exceeding 1 MW) in PV and onshore wind installations, submitting a total of 111 bids. Within this basket, over PLN 10.7 billion (~$2.81 billion) was allocated to purchase 38.7 TWh of energy.
Around 24.7 TWh of electricity was sold (64% of the amount of energy intended for sale) offered by 72 developers, with a total value of less than PLN 5.7 billion (~$1.5 billion), 53% of the energy value intended for sale. In 2021, the URE had allocated just over 68 TWh of electricity from renewable sources for sale under all auctions, with a total value of nearly PLN 24 billion (~$6.32 billion). Of this, over 36.7 TWh (54%) of the energy volume with a total value of over PLN 8.5 billion (~$2.23 billion), 36%, was sold.
In November 2020, 1.7 GW of new energy capacity was sold in auction development in Poland, including 800 MW of solar installations and 900 MW of wind.
Rahul is a staff reporter at Mercom India. Before entering the world of renewables, Rahul was head of the Gujarat bureau for The Quint. He has also worked for DNA Ahmedabad and Ahmedabad Mirror. Hailing from a banking and finance background, Rahul has also worked for JP Morgan Chase and State Bank of India. More articles from Rahul Nair.