PGE and Orsted pricing soon to set for Baltica offshore wind farm

Polska Grupa Energetyczna (PGE) and Ørsted – investment partners implementing the construction of the Baltica offshore wind farm – have started a process of individual negotiations with the European Commission regarding the determination of an individual price in a contract for difference for both project stages – Baltica 2 and Baltica 3, the companies said. PGE and Ørsted expect the decision of the European Commission within a year. Determining the individual level of support will be an important element bringing investors closer to making the final investment decision.

PGE and Ørsted submitted a complete set of documents required by the so-called offshore act. Before they are sent to the European Commission, they will be verified by the Energy Regulatory Office (ERO) and the Office of Competition and Consumer Protection (UOKiK), each of which has the right to ask for explanations or answers to additional questions.

“We are extremely pleased that we have started the process leading to the determination of the final price in the contract for difference granted in the spring. It is worth emphasizing that we are the first on the market among investors entitled to individual notification. It is a good omen and allows us to look to the future with optimism” said Senior Project Development Director, Søren Westergaard Jensen’s Baltica Offshore Wind Farm Development Director.

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