April 8, 2021 Read More →

Polish regulators back Orsted, RWE offshore wind projects

Re.News.biz:

The Polish Energy Regulatory Office (URE) has awarded a Contract for Difference to Orsted and PGE’s Baltica 3 and Baltica 2 (2500MW) offshore wind projects and RWE’s 350MW FEW Baltic 2 project.

The Baltica 3 and 2 CfDs have been awarded at a maximum of PLN319.60 (€70) per megawatt-hour in accordance with the Decree of the Minister of Climate and Environment of Poland and the Offshore Wind Act.

Orsted said the CfD award effectively confirms that the Baltica offshore wind farm has been selected for the first phase of Poland’s ambitious offshore wind buildout programme.

In February 2021, Orsted and PGE signed an agreement to form a 50:50 joint venture for the development, construction and operation of Baltica 3 and 2, developed through special purpose vehicles. Subject to the closing of the joint venture transaction and Orsted’s and PGE’s final investments decisions, the Baltica 3 phase of the project (up to 1GW) would start generating power around 2026, while the Baltica 2 phase (up to 1.5GW) could become operational before 2030.

FEW Baltic 2 is being developed by RWE subsidiary Baltic Trade and Invest.

URE said that the other applications for first phase CfD support are still being considered. They are PKN Orlen and Northland Power’s 1.2GW Baltic Power, Equinor and Polenergia’s 720MW each Baltyk 2 and 3, and Ocean Wind’s 200MW each B-Wind and C-Wind developments.

More: Orsted, RWE win offshore wind CfDs in Poland

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