Poland has awarded 2.5GW of solar and onshore wind capacity, which is equivalent to nearly 37TWh, in the new auctions conducted for renewable energy.
The contracts are worth more than PLN8.5bn (US$2.24bn), said Urząd Regulacji Energetyki (URE), the energy regulator in Poland. Poland’s auctions had attracted 111 bids from 88 developers for the 38.7TWh of solar and wind capacity offered in total.
Overall, the country sold around 24.7TWh of electricity in the category, which is 64% of the amount of energy planned for sale with a total value of under PLN5.7bn (US$1.5bn). According to the URE, it expects more than 1.2GW in new solar capacity and over 300MW in onshore wind capacity to be built, based on the result of the auction.
Poland received 1,264 bids from a total of 432 developers, which were all for solar energy during a separate auction for projects with a capacity of under 1MW. Based on the result of this auction, the country expects to see nearly 1GW of new solar capacity installed.