Energa power secures 1,228.678 MW total at 2029 capacity catch-up auction

Energa announced that Poland's grid operator PSE had published the preliminary results of the capacity market auction for the 2029 delivery year, including the closing price of the auction, which amounted to PLN 534.09 (EUR 125.62) per kW per year.

The companies from the Energa group companies have contracted 150.3 MW for demand reduction units and 1,078.378 MW for new units.

The expected annual revenue from 2029 may amount to approximately PLN 575.95 million (EUR 135.46 mln) for new units. Total revenue over a period of 17 years may amount to approximately PLN 9,791.17 million (EUR 2.3 bln).

"Combined cycle gas turbine (CCGT) power plants are an excellent tool for stabilising the operation of the National Power System (KSE) and significantly improving its operational safety. The Energa group is already implementing two such projects, in Ostroleka and Grudziadz, and thanks to the successful results of the overtime action, we can make the necessary investment decisions for two more projects: Gdansk and Grudziadz B02," said Energa's CEO Slawomir Staszak, quoted in the press release.

Energa reported that both gas-fired combined cycle projects have key administrative decisions and agreements with network operators.

"The business negotiations currently underway are aimed at selecting general contractors and concluding implementation agreements and long-term service agreements with them. These activities are planned to be completed in the third quarter of this year," the group announced.

Energa added that the total capacity obligations of the group for the 2029 delivery year, resulting from the contracts concluded and long-term contracts concluded at previous capacity auctions, amount to 3,162.566 MW.

seb/ ao/