Europe and Colombia Onshore Renewables Overview
Europe Offshore Wind
Development
Poland Baltic Power 1.1 GW
•
Baltic Power
Signed supplier agreements with Vestas 15MW wind turbines, export cables and
onshore and offshore substations
Agreements for the transport and installation of the turbines and for the
foundations of all substation elements and offshore substations have also been
signed
Project benefits from 25-year Contract for Differences (CfD) revenue contract that
has indexation based on the Polish CPI commencing in 2022
.
•
Currency: In 2022, CFD changed from Polish Zloty to Euro denominated
Indexation: Indexation base year moved up one year to 2022 using 2021 CPI
Inflation Protection: Inflation in Poland in 2022 was 14.7%
Over 20 financial institutions involved in the financing process and progressing
towards financial close in 2023
Poland
0
NORTHLAND
POWER
2021
2022
2023
2024
2026
Acquired
interest/
Secured CfD
Project design
and
optimization
Achieve
Financial Close
Expect
to start
Construction
Expected
Commercial
OperationsView entire presentation