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Onshore wind beats solar on price in joint Polish tender

Onshore wind beats solar on price in joint Polish tender
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Equinor and Polenergia win Polish offshore wind contracts

Poland Awards CfD for Giant Offshore Wind Project

Poland Awards CfD for Giant Offshore Wind Project 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, Danish offshore wind developer Ørsted said Wednesday evening. With a total capacity of up to 2.5 GW, Baltica 3 and 2 will generate enough green electricity to power 4 million Polish households. 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 investment 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.

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