Polish TSO contracts 5.4 GW of DSR, Photon and OX2 report awards

Polish transmission system operator Polskie Sieci Elektroenergetyczne SA (PSE) has contracted 5,379 MW of capacity in its recently-held demand side response (DSR) auction for delivery year 2027, according to preliminary results.

The TSO, which initially sought 6,237 MW, said in a statement last week that the auction was concluded in just one round with a closing price of PLN 406.35 (USD 92.11/EUR 86.91) per kW a year. Among the winners were a number of familiar names such as Enel X Polska, OX2, PGE and Tauron.

Amsterdam-based solar power company Photon Energy NV (WSE:PEN) confirmed today that its local VPP subsidiary Lerta JRM Sp. z o.o. has secured 157 MW of DSR, corresponding to contracted revenues of PLN 63.8 million.

While the preliminary results document released by PSE shows 21 MW of capacity allocated to OX2 Green sp. z o.o., Swedish renewables developer OX2 AB (STO:OX2) said in a statement on Wednesday that it won the right to build an up-to-100-MW solar park in Poland and an energy storage facility totalling 50 MW/100 MWh in local auctions. It should be noted that on Tuesday, Poland’s Energy Regulatory Office announced the outcome of seven auctions held this month that resulted in 486 MW of solar awards.

Going back to Lerta, Photon took control of the VPP business in November and now says it fully owns the company. The Polish firm wants to establish itself as a market-leading DSR provider in Poland, targeting 600 MW by 2027 and 900 MW by 2030. In addition to the newly-secured contracts, it locked in 134 MW of DSR capacity for delivery year 2023 and plans to take part in the 2024 auction scheduled for March 2023 with at least 300 MW, Photon said.

“From now on, we intend to continue our DSR business growth not only in Poland, but also in other markets in Western Europe, Australia and CEE, including neighbouring countries which can participate in the Polish mechanism,” commented Borys Tomala, CEO of Lerta.

(PLN 1 = USD 0.227/EUR 0.214)

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