Poland’s Energy Regulatory Office (ERO) announced Equinor and Polenergia’s Baltyk II and Baltyk III projects were awarded contracts for difference (CfD) under the first phase of Poland’s offshore wind development scheme.The projects have a combined potential capacity of 1440 MW. The CfDs are awarded at PLN 319.60 (PLN 319.60 per MWh equals approximately 70 Euro per MWh at current exchange rate) per MWh for up to 25 years, subject to some adjustments and final approval from Polish authorities and the European Commission. Pending all necessary agreements and permits, and subject to the final investment decision from Equinor and Polenergia, construction work could commence as early as 2024. Equinor will operate the projects through the development, construction, and operations phases.
