Auction News

Poland allocated 3.4 gigawatts (GW) of capacity in its first competitive offshore wind auction, the country's energy regulator URE said on Thursday, a boost for the renewable energy sector after setbacks in neighbouring markets.The auction was seen as a test of investor confidence in offshore wind, coming after U.S. President Donald Trump's opposition to renewables effectively froze the U.S. market and recent auctions in Denmark, Germany, and the Netherlands failed to draw bidders.Poland awarded 25-year contracts at a price range of 476.88 zlotys ($133.09) and 492.32 zlotys per megawatt hour…