European Commission accepts expansion of Polish auction system to support 9GW of eco-friendly ability

Dec 1, 2021 03:47 PM ET
  • The European Commission (EC) has actually accepted the extension of Poland's auction system for renewable energies that is forecasted to support the development of 9GW of renewables after it passed EU state aid rules.
European Commission accepts expansion of Polish auction system to support 9GW of eco-friendly ability
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The scheme gives help in the form of a variable premium in addition to the market rate, calculated as the distinction in between bidding price as well as the wholesale power rate.

At first authorized in 2017, the auction has a budget of EUR9.4 billion (US$ 10.64 billion). It resulted from expire on 30 June however on 17 December 2020 the EC accepted an expansion till completion of this year. It has currently expanded this better till 31 December 2027.

" The Commission discovered that the help is required to further establish power generation from sustainable sources as well as to help Poland satisfy its ecological targets, evaluated European and nationwide level," the EC stated in a media release.

" This is excellent info for all Renewable Energy Sources (RES) producers along with for Poland," stated Ireneusz Zyska, deputy priest of Climate and Environment, Government Plenipotentiary for RES. "Auctions are an important tool sustaining the development of renewable energy sources in our nation."

Zyska said the EC's decision "makes it possible to keep the connection of the main Polish support system for RES producers" without distorting the EU's Single Market-- a sight shared by the EC-- which it is "crucial for guaranteeing problems for the risk-free and foreseeable growth of renewable energy sources in Poland".

According to the Polish government, the maximum value of state support for the whole duration of the programme could amount to PLN43.85 billion (US$ 10.7 billion).

The information comes quickly after the EC approved a EUR2.27 billion (US$ 2.56 billion) Greek scheme to support 4.2 GW of installed renewables capability after once again analyzing it in the context of EU state help guidelines.

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