The Management Board of Polenergia S.A. (the “Issuer”) hereby reports that in line with the Information of the President of the Energy Regulatory Office No. 65/2020 of 14 December 2020 on announcement of results of Ordinary Auction No. AZ/7/2020 (“Auction”), the Issuer’s Subsidiaries, Polenergia Farma Wiatrowa Piekło Sp. z o.o. and Polenergia Farma Wiatrowa 16 sp. z o.o., developing the Piekło wind farm project with a total capacity of 13.56 MW, won the auction.
Thus, the project received the right to cover the negative balance in reference to the price offered during the Auction for electric energy scheduled for generation for a period of 15 years, in line with the provisions of the Act.
The total planned volume of sale of electric energy as part of the Auction via the above-mentioned project for a period of 15 years amounts to 545,340 MWh, which is approx. 100 % of the volume of estimated project production in this period.
Legal basis: Art. 17(1) of Regulation of the European Parliament and Council (EU) No. 596/2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Journal of Laws of the European Union L of 2014, No. 173, p. 1 as amended).
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