Thursday, January 14, 2021
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.