Energy Regulatory Office awards CFD contract for 1.2 GW offshore wind farm in Poland
The Energy Regulatory Office of Poland has awarded a contract for difference (CfD) for Northland and PKN ORLEN’s (ORLEN) Baltic Power offshore wind project (Baltic Power). Under the 25-year contract, the project receives payments covering any negative balance of electricity generated offshore and fed into the grid, which means that Baltic Power will be compensated for the potential difference between the market price of electricity and the strike price set in the CfD.
The award is part of the Polish Government’s commitment, through the Polish Offshore Wind Act, to support an initial phase of 5.9 gigawatts (GW) of offshore wind.
Similar to previous announcements, the CfD is awarded at PLN319.60 (US$84) per MWh for up to 25 years and is adjusted to annual indexation by Poland’s annual average consumer price index. The CfD is subject to review and final approval from Polish authorities and the European Commission.
Mike Crawley, President and Chief Executive Officer of Northland, said: “The CfD is a key milestone that provides the project with revenue certainty to proceed with development and confirms our inclusion in the initial phase of offshore wind development in Poland. Full scale development of Baltic Power will expand our European offshore wind presence and help us to establish an offshore wind hub in the Baltic Sea.”
The project is expected to have a total capacity of up to 1,200 MW of offshore wind generation with construction activities expected to start in 2023 and commercial operations anticipated in 2026.
Country news
-
-
June 04, 2021
Final investment decision made for 700 MW Transmission link project in Poland
PSE and Litgrid, the transmission system operators of Poland and Lithuania, have made final investment decisions regarding the implementation phase of the Harmony Link interconnector project - a submarine power line between Poland and Lithuania.
Read more -
October 15, 2020
PGE awards technical consultancy contract for Baltica 3 & 2 offshore wind
PGE Polska Grupa Energetyczna SA has awarded the technical consultancy services contract to DHI and DNV GL for the development of the Baltica 3 and Baltica 2 offshore wind farm projects.
Read more -
February 04, 2020
2,5GW of offshore wind receive environmental permit in Poland
The PGE Group has been issued an environmental consent for two offshore wind farm projects namely, Baltica 2 and Baltica 3, with a total capacity of up to 2.5 GW. The decision gives PGE permission to start work on the basic design for both farms, located about 30 km north of the coastline at the altitude of Ustka and Łeba in the Pomeranian Voivodeship. The capacity of a single turbine to be installed at the project implementation stage may vary between 10 and 13 MW depending on the technological development and the variant chosen.
Read more -
October 30, 2019
RWE acquires 1.5 GW of offshore wind projects in Polish Baltic Sea
RWE has acquired a pipeline of 4 offshore wind projects in the Polish Baltic Sea with a total generation capacity of more than 1.5 Gigawatt as part of its plan to enter the Polish offshore market and grow its offshore operations across Europe.
Read more -
October 23, 2019
Siemens Gamesa acquires 8.9GW of assets of Senvion Group
Siemens Gamesa Renewable Energy has reached an agreement to acquire selected European assets of Senvion Group for EUR200 million (US$223 million).
Read more
