Elektrownie Next brings ReneSola’s new PV installations to Polish power market

Published: 20. March 2018

Starting in March 2018, Elektrownie Next will manage trading of 35 megawatts (MW) of electricity produced by new photovoltaic installations belonging to ReneSola, a producer and distributer of energy-efficient lighting products and solar technology.

Elektrownie Next is a part of Next Kraftwerke, one of the largest Virtual Power Plants in Europe, and specializes in short-term trading of renewable energies. Elektrownie Next buys ReneSola’s PV power and assumes responsibility of portfolio management, balancing group management, PV asset schedule management, and forecasting. 

“We are happy that our years of experience will now be put to use at ReneSola in Poland,” says Artur Lagodzinski, Business Development Manager at Elektrownie Next. “This is the second time premiums have been awarded since the introduction of the new auctioning system. Among all winners in the auction system, the PV installations of ReneSola belong to the first PV installations which were awarded. That is an important step toward more renewable energy in Poland.”

New support measures for renewable energies have been in place since 2016. To benefit, renewable energy producers must bid an auction price. If they are awarded the premium, compensation for their power is secured at the auction price for 15 years. The difference between the market reference price (TGeBase) and the auction price is paid by Zarządca Rozliczeń S.A.. As part of this new system, Elektrownie Next is offering its customers comprehensive service. The company guarantees its customers their auction price and assumes risk on the markets, such as the imbalance risk. In addition, Elektrownie Next executes the mandatory calculation of the market premium on behalf of its customers.

“We are proud to have won this tender with our PV assets and to advance additional installation of PV plants in Poland. With Elektrownie Next, we’re glad to have found an experienced partner for direct marketing,” says Josef Kastner, Vice President, Europe Region, at ReneSola.

Next Kraftwerke

Next Kraftwerke operates one of the biggest Virtual Power Plants in Europe. By utilizing the full potential of digitalization, the company networks thousands of energy-producing and energy-consuming units in the Virtual Power Plant “Next Pool”. Through its technology and trading, clients are able to produce and consume electricity when prices are best for them. By trading their aggregated power 24/7 on different energy spot markets the Virtual Power Plant also makes a substantial contribution to stabilizing the grid by smartly distributing the power generated and consumed by the individual units in times of peak load.