Financial Parameters Of Auctions For Renewable Energy Sources

On 3 April 2017 two regulations were published in the Journal of Laws which set out the financial parameters of auctions for renewable energy sources ("RES") that will be held in 2017. The government is planning to spend more than PLN 27 billion (approximately EUR 6.5 billion) on support for producers in auctions, which will generate over 55 TWh of electricity over 15 years. The parameters of the auctions are set out below.

1. Summary

• In 2017, fourteen auctions will be organized, each of them dedicated to different groups of installations. Nearly 75% of the funds (PLN 20 billion) will be allocated to the New Installations¹. Nearly 63% of all funds (PLN 17 billion) is allocated to the Large Installations².