Poland Selects 1.7 GW Wind & PV In Auction

PLN 190/MWh Lowest Winning Tariff In Poland Renewable Energy Auction; Energy Regulatory Authority URE Selects 800 MW Solar PV & 900 MW Wind Power Capacity Worth PLN 9.4 Billion
12:12 AM (Beijing Time) - 16. December 2020
Presentation1

According to URE, the latest renewable energy auction results in Poland show the 'gradual exhaustion of relatively cheap wind projects, which are being replaced by intensively developing photovoltaic installations.' Pictured is Ostrów Wielkopolski Co-Cathedral in Poland (Photo Credit: Tobiii/www.goodfreephotos.com)

Key Takeaways

  • Poland awarded 1.7 GW solar and wind energy in the country’s largest renewable energy auction for the year 2020
  • It includes 800 MW of solar PV and 900 MW of wind energy capacity representing a total of 42 TWh of clean energy supply for 15 years once these come online
  • Lowest and highest winning bids in the auction ranged between PLN 190.00 per MWh and PLN 249.90 per MWh

The largest renewable energy auction in Poland in 2020 had Polish Energy Regulatory Office or URE awarding 1.7 GW of solar PV and wind energy capacity, selected as 800 MW of PV and 900 MW of new wind farms.

The auction was concluded on November 26, 2020 for new installations with a minimum capacity of 1 MW or above for both the renewable energy technologies. URE said it received 97 companies submitting 127 bids in total comprising 64 bids for wind farms and 63 bids for PV installations.

It finally selected 96 bids submitted by 70 producers adding up to 42 TWh of clean energy worth PLN 9.4 billion ($2.58 billion). The lowest winning bid came in at PLN 190.00 ($52.00) per MWh while the highest winning bid was PLN 249.90 ($68.39) per MWh. Solar PV projects selected have 24 months to come online and start selling contracted electricity. For wind installations, the time period is 33 months.

EDP Renewables separately announced winning 15-year Contract-for-Difference (Cfd) for 5 wind and solar energy projects with a total capacity of 220 MW. These will become operational in 2022 and 2023, said EDPR.

Details of the winners and winning projects can be viewed on URE’s website.

Commenting on the results, URE stated, “The results of the seventh out of eight auctions this year show the gradual exhaustion of relatively cheap wind projects, which are being replaced by intensively developing photovoltaic installations.”

In 2019 auctions, URE said it auctioned close to 78 TWh clean energy worth more than PLN 16.2 billion in the form of 101 bids. The lowest and highest winning tariffs in this auction reached PLN 162.83 per MWh and PLN 233.29 per MWh, respectively.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani