Page 2 - Offshore Act News Today

EU approves Polish € 22.5 billion offshore wind CfD scheme The European Commission has approved Polish offshore wind Contracts for Difference (CfD) scheme, through which the country plans to support the realisation of offshore wind projects with € 22.5 billion and reach its renewable energy targets without unduly distorting competition. The CfD scheme, which the Commission approved under EU State aid rules, will be implemented in two phases. During the first phase, offshore wind projects w...

January 13, 2021, by Adnan Durakovic Poland’s Senate has unanimously passed the Offshore Act regulating the development of offshore wind farms in the Polish Baltic Sea. The bill has now cleared both chambers of the Polish Parliament, the Sejm and the Senate, marking the end of the legislative process in this institution. The bill is expected to be signed into law by Poland’s President Andrzej Duda shortly and come into force in late January or early Februar...

Source: Gregorz Jakubowski / KPRP The Offshore Act regulates the development of offshore wind farms in the Polish Baltic Sea. The legislation allows for 10.9 GW of offshore wind capacity to be either operational or under development by 2027. 5.9 GW of capacity will be offered via Contracts for Difference (CfDs) by the end of June 2021. This capacity will be allocated to projects which are at the most advanced stages of development. Some of these projects could be operational by 2025. The CfDs w...