Tuesday, June 15, 2021
The Energy Regulatory Office has granted support for the Baltic Power project in the form of a 25-year Contract for Difference (CfD). Under the CfD, the project owner will receive payments covering any negative balance of electricity generated offshore and fed into the grid, which means that the project will be compensated for the potential difference between the market price of electricity and the strike price of the CfD.
Thursday, March 25, 2021
After fulfilment of the conditions precedent - including obtaining merger clearance - stipulated in the joint venture agreement signed in January 2021, NP Baltic Wind B.V. a subsidiary of Northland Power has subscribed for the shares in Baltic Power. The joint venture agreement provides for joint development and operation of the Baltic Power offshore wind farm, whose construction is scheduled for launch in 2023.
Friday, January 29, 2021
Canadian Northland Power Inc. will be PKN ORLEN’s strategic partner for its offshore wind farm project in the Baltic Sea. The Partnership will be responsible for the preparation, development and operation of the offshore wind farm with a capacity of up to 1.2 GW. Northland Power Inc. will ultimately acquire a 49% interest in the project, due to start in 2023 and scheduled for commissioning in 2026.
ABOUT THE PROJECT
The Baltic Power offshore wind farm is an essential element of transformation of the ORLEN Group and a milestone in the development of the Polish power sector. As soon as in 2024, we will start the construction of an up to 1.2 GW offshore wind farm, expected to ultimately supply clean electricity to even a million households in Poland.
FOR THE LOCAL COMMUNITIES
Offshore wind power generation is an opportunity for a civilization change and transformation of the Polish economy. It can also provide a growth stimulus for the regions where clean, green technologies will be implemented. Experts estimate that in 2030 over 30% of energy generated in Poland will come from renewable sources, mainly offshore wind farms. Their potential in the Polish zone of the Baltic Sea is estimated at 11 GW.
We are looking for suppliers
Companies interested in cooperating within the supply chain for the Baltic Power project are invited to register via a dedicated form:
Offshore wind power generation in the Baltic Sea presents an opportunity to build a new branch of the economy. Its development requires a strong and efficient supply chain. Large investment projects in the sector will drive the growth of hundreds of businesses and create thousands of well-paid jobs.
The ORLEN Group is consistently building its position of a strong multi-utility group relying on low- and zero-carbon energy generation sources. We want to be the leader in energy transition and one of the largest green energy producers in the region. The construction of an offshore wind farm is one of the projects underlying our transition.
Media enquiries: email@example.com
Business enquiries concerning supply chain: firstname.lastname@example.org
Address of PKN ORLEN’s office:
ul. Bielańska 12
00-085 Warsaw, Poland
Address of Baltic Power sp. z o.o.’s office
ul. Tadeusza Wendy 15
81-341 Gdynia, Poland
Baltic Power – registration details
Baltic Power spółka z ograniczoną odpowiedzialnością, with its registered office at ul. Bielańska 12, 00-085 Warsaw, Poland, entered in the National Court Register maintained by the District Court in Warsaw, 12th Commercial Division, under KRS No. 400905
Tax Identification Number (NIP): 52-72-668-625
Share capital: PLN 600,000.