Poland awards 486MW of photo voltaic PV in newest renewables public sale

The most recent spherical of renewable power auctions in Poland has allotted roughly 486MW of photo voltaic PV capability and seen simply three of a proposed seven auctions settled efficiently.

Of all of the auctions performed this month, over 96% of the profitable bids had been for photo voltaic tasks – 197 of a doable 204. The public sale for tasks of 1MW capability or under obtained the very best variety of bids, with propositions from 88 producers leading to 150MW of awarded photo voltaic capability. Nonetheless, the public sale ended with solely PLN434 million (US$98.8 million) of power offered, which the Polish Vitality Regulatory Workplace stated was simply over 11% of the capability meant on the market.

The reference value for this public sale was PLN375/MWh (US$85.39/MWh). The minimal sale value was PLN244.77/MWh(US$55.73) and the utmost was PLN327.73/MWh (US$74.63).

The public sale for tasks bigger than 1MW capability ended with 336MW of photo voltaic PV awarded by way of 46 presents to 37 producers. Roughly 245MW of onshore wind was additionally awarded. 57% of the entire power earmarked on the market was finally offered, round 6.4TWh, and the minimal sale value was PLN236.77/MWh (US$53.91) for photo voltaic PV. The reference value was PLN355/MWh (US$£80.82).

One of many winners on this public sale was OX2. The Swedish-headquartered renewables developer secured 100MW price of photo voltaic PV and 50MW/100MWh of battery storage, on which it plans to start development subsequent 12 months. The win brings OX2’s Polish venture portfolio to round 2.5GW.

The third settled public sale was solely for hydroelectric energy crops, and was visited by only one producer. The opposite 4 deliberate auctions obtained inadequate curiosity and are but to be settled.

The equivalent auctions last December noticed 870MW of photo voltaic capability awarded.

 Rafał Gawin, president of the Vitality Regulatory Workplace cited the geopolitical state of affairs as a motive for the disappointing uptake on this public sale spherical. He stated that the fluctuations and uncertainty of power costs and altering authorized necessities have made auctions much less enticing to energy producers, and expects that long-term energy buy agreements could characterize a extra enticing mannequin.

Poland was the third largest installer of photo voltaic PV within the EU this 12 months, in keeping with SolarPower Europe’s current market report. Final week, the European Funding Financial institution unveiled plans to invest in modernising the distribution networks in Poland and the Czech Republic to facilitate larger adoption of renewable power as a part of the REPowerEU scheme.