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    1. Renewable Energy

    Ocean Winds secures pricing terms for offshore Poland wind project

    June 30, 2021
    The Polish Energy Regulatory Office has awarded Ocean Winds a contract-for-difference for 369.5 MW for the B&C-Wind offshore wind farm in the Baltic Sea.
    Related To: Ocean Winds
    (Courtesy Ocean Winds)
    The Moray East offshore wind project in Scotland.
    The Moray East offshore wind project in Scotland.

    Offshore staff

    MADRID, Spain – The Polish Energy Regulatory Office has awarded Ocean Winds a contract-for-difference (CfD) for 369.5 MW for the B&C-Wind wind farm 23 km (14.3 mi) offshore Poland in the Baltic Sea.

    According to Ocean Winds, a joint venture between EDP Renewables and ENGIE, obtaining the CfD brings the project closer to a final investment decision. The strike price corresponds to €71.0/MWh ($81).

    The wind farm will cover an area of 90 sq km (34.7 sq mi), in water depths from 30-60 m (98.4-197 ft).

    In accordance with ordinance of the Ministry of Climate and Environment in Poland and the law on promoting electricity production in offshore wind farms, the CfD strike price is set at 319.60 zlotys (PLN) per MWh corresponding to €71.0/MWh (at current EUR/PLN of 4.50).

    Grzegorz Gorski, COO of Ocean Winds and CEO of OW Polska, said: “This is also just the first step for OW in Poland. With the Polish offshore wind program accelerating, we have the ambition, together with Polish partners, to develop, build, and operate many more projects.”

    06/30/2021