Thursday, March 25, 2021
Monday, July 5, 2021
Twelve specialised vessels are beginning the main phase of geotechnical surveys of the Baltic Sea bottom in the area of the planned wind farm and along the connection route. Completion of the tests is scheduled for later this year. The results will provide a basis for the development of a detailed plan of locations of the foundations for the turbines and offshore substations and their connection to the onshore transmission infrastructure.
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.
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.