Which battery storage projects have won energy auctions in Poland?
Battery storage projects from Hynfra Energy Storage and OX2 totalling 130MWh have won contracts in energy auctions in Poland this week. A capacity market auction for 2027 from transmission system operator Polskie Sieci Elektroenergetyczne (PSE) closed at PLN 406.35/kW/year (US$93) and handed out long-term contracts to energy resources.
How many GW of battery storage contracts are there in Poland?
Poland has concluded its 2028 capacity market auction, awarding around 1.7GW of contracts to battery storage projects.
Who is the contractor for Zarnowiec battery energy storage project?
The Polish unit of the Korean battery maker won the project tender offering the price of PLN 1.555 billion ($384 million). Polish utility PGE Group has selected local unit of Korean battery maker LG Energy Solutions as the contractor for the 263 MW/ 900 MWh Zarnowiec battery energy storage project.
How much does a 2028 electricity contract cost in Poland?
The auction which took place last month (December 2023) cleared at a fixed, consumer price-indexed (CPI) price of PLN 244.90/kW (US$61.73) per year for the contracts which start in 2028, the Polish state bulletin revealed yesterday (9 January). The contract lengths range from 1 to 17-years.
Does energy storage play a major role in Poland's energy sector?
Energy storage has not yet played a major role in the energy sector in Poland due to high costs compared to conventional units, it added, but profitability of projects should grow in line with volatility of electricity prices.
What happened at Poland's capacity market auction?
The results of Poland’s recent capacity market auction have been revealed, with a clearing price significantly lower than the previous years and IPP Greenvolt saying it won the lion’s share of around 1.7GW of BESS awarded contracts.
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