Grenergy secures capacity contracts for 2.1GWh storage projects in Poland

Grenergy, a Spanish cleanable vigor producer, has secured capableness contracts for 5 autarkic retention projects successful Poland, amounting to a full of 2.1 gigawatt-hours (GWh).

These contracts were awarded done an auction held by Polskie Sieci Elektroenergetyczne (PSE), the relation of Poland's energy system.

Grenergy said that it has acquired much than 11% of the full retention capableness disposable successful this auction.

The projects, named Fred, George, Lucius, Hagrid and Harry, volition person combined powerfulness of 534MW and are acceptable to supply reserve capableness to the Polish energy grid during periods of debased capacity.

These services are projected to commence successful January 2030.

The contracts volition beryllium compensated astatine a fixed yearly complaint of 465.02 zlotys ($128.66) per kilowatt implicit a 17-year period, ensuring a minimum economical allocation exceeding €132m ($153.85m).

In summation to these contracts, Grenergy has been granted 34m zlotys (€8m) by the Polish Government for 4 smaller stand-alone projects with a combined capableness of 136 megawatt-hours. These projects are acceptable to beryllium operational by 2028.

These grants are portion of the EU’s Modernisation Fund, which aims to heighten vigor retention improvement successful Poland.

Grenergy is besides advancing its Greenbox platform, a stand-alone retention inaugural successful Europe with a pipeline of 31GWh.

The Greenbox level is focusing connected cardinal markets wherever Grenergy operates, including Germany, Italy, Poland, Romania, Spain and the UK.

Founded successful 2007, Grenergy operates crossed Europe, North America and Latin America, with a planetary portfolio exceeding 75GWh of retention capableness and 12GW of star powerfulness successful assorted stages of development.

Last month, Grenergy finalised a elder non-recourse financing woody valued astatine €98.8m, which includes €13.6m successful lines of recognition (LC Loans), for the Ayora star facility.

Situated successful Valencia, Spain, the task has an installed capableness of 172MW.

The star plant, which has already been built, is present successful the commissioning stage. Ayora is besides supported by a 15-year powerfulness acquisition agreement.

In September 2024, Grenergy acquired a 1GW star portfolio successful Chile for $128m. This acquisition was intended to bolster the company’s Oasis de Atacama solar-plus-storage project.

The woody encompassed a 77MW photovoltaic plant, 923MW of projects presently nether improvement and a 1GW interconnection installation that was already operational.

"Grenergy secures capableness contracts for 2.1GWh retention projects successful Poland" was primitively created and published by Power Technology, a GlobalData owned brand.