What a way to end the year: The first competitive offshore wind support auction in Poland has successfully concluded, awarding 25-year two-way CfDs for Baltic East, Baltica 9 and Bałtyk 1.
Yesterday’s outcome advances the three projects toward FID and eventual commissioning, joining the existing pool of 5.9 GW projects with support granted from 2021.
The winners are:
🔹 Baltic East, developed by ORLEN Neptun at PLN 476.88/MWh (~EUR 113/MWh)
🔹 Baltica 9, developed by PGE Polska Grupa Energetyczna at PLN 489.00/MWh (~EUR 116/MWh)
🔹 Bałtyk 1, developed by Polenergia and Equinor at PLN 492.32/MWh (~EUR 117/MWh)
Baltica 9’s entry was less expected, but an undisclosed PGE–RWE deal on the neighboring FEW Baltic II site and a 2025 RWE-secured environmental permit for the Baltica 9 site made the project eligible to bid and secure a win.
The auction allowed for up to 4 GW of support allocation, and to ensure competition, not all bidders could win. This also meant that a fourth bidder, Baltica 1, was not awarded support.
Baltica 1 together with other by-then matured projects in the Polish pipeline can bid in Poland’s next support auction, planned for 2027, also awarding a 25-year two-way CfDs to around 4 GW.
Aegir Insights will be following project movements in the coming year and look for early signs of who could be looking to participate in this upcoming auction.
Aegir clients will have access to our Insights report on Poland’s auction results on the Aegir Platform soon. This includes commentary on the results as well as analysis on the winning strike price.
Want to discuss the auction results in context of the Polish market?
Contact us here for a meeting.
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