Published: 08 April 2021 08 April 2021
The Polish Energy Regulatory Office has awarded a Contract for Difference to the Baltica 3 and Baltica 2 offshore wind farms with a total capacity of up to 2.5 GW.
The Baltica Offshore Wind Farm - comprising the two phases Baltica 3 and Baltica 2 - came a step closer to realisation when the President of the Polish Energy Regulatory Office (ERO) awarded the project a Contract for Difference (CfD) at a maximum of PLN 319.60/MWh in accordance with the Decree of the Minister of Climate and Environment of Poland and the Offshore Wind Act. In February 2021, Ørsted 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 Ørsted's and PGE's final investments decisions, the Baltica 3-phase of the project (up to 1 GW) would start generating power around 2026, while the Baltica 2-phase (up to 1.5 GW) could become operational before 2030. The CfD award is subject to final approval from the European Commission.