Profil:
Polenergia SAPolenergia applies for Baltyk 1 to be qualified for Poland's first offshore auction
Listed renewables group Polenergia and Norwegian power utility Equinor have applied to Poland's energy market regulator URE for prequalification of the Baltyk 1 offshore wind farm project to participate in Poland's first offshore auction planned for the end of 2025, Polenergia said in a market filing.
This is the first such application submitted to URE.
The auction will be competitive and will allow for the selection of projects offering the most favourable energy sales prices in a support system settled over 25 years through a contract for difference.
The maximum price has been set in advance by the minister of climate and environment, and bidders will bid downwards. The condition for participation in the auction is successful completion of the pre-qualification process conducted by URE.
With a capacity of up to 1,560 MW, the farm is the largest offshore wind energy project in Poland and also the most advanced project of the second phase of offshore development.
seb/ ao/