In a significant triumph at the Polish capacity auction held in December 2023, Greenvolt Power, a subsidiary of the Greenvolt Group, emerged as the top winner, securing a remarkable 1.2 GW of capacity for its six Battery Energy Storage System (BESS) projects. This achievement marks a substantial milestone, constituting over 70% of the total capacity allocated to BESS technology. The contracts inked encompass a 17-year commitment, the maximum duration in the Polish capacity market mechanism.
Pitted against formidable competition in the auction orchestrated by Polskie Sieci Elektroenergetyczne S.A. (PSE), Poland’s transmission grid operator, Greenvolt Power participated with six independent energy storage ventures, amassing a formidable grid-secured capacity of 1.4 GW. The company clinched 1.2 GW in awarded long-term capacity payments, a feat unparalleled in Poland, solidifying its status as the largest BESS portfolio to successfully navigate a Polish auction.
João Manso Neto, CEO of Greenvolt Group, emphasized the strategic importance of the Polish market, hailing the auction’s outcome as pivotal for the company’s growth trajectory. With this triumph, Greenvolt Power ascends to a prominent position among BESS players in Europe and globally, boasting the world’s largest BESS portfolio fortified by secured contracts.
Radek Nowak, CEO of Greenvolt Power, highlighted the company’s prowess in deploying internal resources for large-scale projects, ensuring the securement of long-term contracts, thereby establishing a robust foundation for financing and constructing high-quality assets. Operating as reserve capacity for the Polish grid system, Greenvolt Group’s services will be compensated at a fixed (CPI indexed) price of PLN 244.90/kW per year over the entire 17-year contract duration.
