Renewable Energy Settlement

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Ministry of Economy of Poland informed on 10th October 2015 about the
establishment of the Renewable Energy Settlement Operator S.A./Operatora
Rozliczeń Energii Odnawialnej A.S. (OREO).  This operator is special
purpose state-owned company that will be obliged to execute settlement operations
concerning renewable energy electricity generated by power plants operating
according auction mechanism for renewable energy projects. Mr. Jarosław
Bogacz was appointed for chairmen of the board of OREO. He was previously engaged with EDF Poland.

Winners in renewable energy auctions will sign contracts for difference (CfDs)
with Renewable Energy Settlement Operator S.A. (OREO). Under
these contracts auction winners shall receive the difference between the final
auction price and the current average electricity price on the free energy
market for each MWh of generated renewable energy. In case of negative
difference, energy producers shall be entitled to refund it to the settlement

Renewable energy auctions in Poland will start after 1st January 2016 and
are expected to boost solar PV installations in the country, which are trailing
at the end of Q3 2015 with less than 40 MW cumulative installed capacity. Exact
dates of auctions during the 2016 year are still not announced.

Geographically, Poland is suitable for the production of photovoltaic energy
throughout the whole year, but due to the relatively large national territory,
south parts of the country are more preferred ones. The average annual sunshine
duration is approximately 1,600 hours according to Polish Academy of Science,
whilst solar radiation resource on horizontal surface is varying between 1,000
kWh/m2. and 1,160 kWh/m2, with the average of approx. 1,080 kWh/m2. The main
determinants of total solar radiation in Poland are most favorable in the period of late spring –
late summer. The main flow of the total solar radiation is in the hours around
noon, with more than 70% of the total flow registered between 9 am and 3 pm.

Some of the most suitable regions for photovoltaic installations in Poland
are Krakow, Tarnow, Rzeszow and Lublin.

What are exact referential prices for solar PV power plants above 1 MW and
under 1 MW in Poland? How the auctions will be organized and take place?
What is market dynamics and forecast for market development to 2025? Answers to
all these questions you will find out in Renewable Market Watch’s latest Q4
2015 report update after in-depth analysis of Polish solar PV market.

More information about deal, activities and legal regulations on Polish solar
market you may read here: Poland Photovoltaic Market Outlook 2015 – 2025

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