Offshore wind farms: Maximum strike price in contracts-for-difference scheme proposed by Minister of Climate and Environment
On 16 February 2021 the Polish Ministry of Climate and Environment released for public consultations a draft of the regulation on the maximum price for electricity generated at an offshore wind farm and introduction into the grid, in PLN per MWh, which is the basis for calculating the right to coverage of a negative balance. This amount is set at PLN 301.50/MWh (about EUR 67/MWh). This means that this will be the maximum amount of support from the Polish state for wind farms built in the Polish area of the Baltic Sea, which will be allocated within the next four months.
On 12 February 2021, Poland’s Deputy Prime Minister and Minister of Development, Labour and Technology, Jarosław Gowin, announced that the ministry has submitted to the government for inclusion in its agenda a proposal to amend the so-called 10H Distance Act. This means that in about two weeks, the public consultation process will begin, lasting another three weeks.
On 14 and 18 December, the president of Poland’s Energy Regulatory Office announced the results of this year’s last auctions for the sale of electricity from renewable energy sources (RES) for new onshore photovoltaic (PV) installations and wind power plants with a total installed capacity of up to 1 MW and over 1 MW, held on 26 November and 3 December 2020 respectively.
Both industry and households will see increased fees in their electricity bills. Meanwhile, the announced relief for energy-intensive industry is still lacking.
According to the International Energy Agency, over a fourth of oil and gas supplies today come from the seas. Over the past couple of decades, extraction of natural gas from offshore deposits has risen by over 50%. There is also growing emphasis on offshore wind energy. Ventures of this type are technically complex, often innovative, and consequently costly. That is why fuel companies insure platforms, borings, and drilling equipment. What is important to pay attention to in such insurance policies? How to prepare for a potential dispute?
The long-awaited bill on offshore wind farms was published on 15 January 2020. The bill is to establish mechanisms and instruments for supporting the generation of electricity by offshore wind farms, and, to a certain extent, conditions for the preparation and construction of such projects.