Although we will have to wait a little longer for the first offshore wind farm to be launched in Polish Baltic waters, the offshore wind projects already developed are at an advanced stage of implementation – although the level of advancement varies from project to project. Despite this, further plans for the future are already emerging. Their financing will become possible, among other things, thanks to funds from the National Reconstruction Plan. Who is applying for them? Regardless of the exact outcome, one thing is certain: offshore wind is a future that is worth and should be invested in.
National Reconstruction Plan (KPO) and offshore wind farms
Thanks to an agreement reached in mid-August this year between the Ministry of State Assets and the National Bank, the Fund for Offshore Wind Energy has been established. Its amount is nearly 5 billion euros, coming from the National Reconstruction Plan (KPO). Overall, in turn, more than 21 billion zlotys have been allocated from KPO funds for the construction of offshore wind farms, making these investments the only key ones under the National Plan. This is hardly surprising given the importance of offshore wind energy in the Baltic for Poland’s future. It should not be forgotten that offshore wind is an economy-wide project, including companies that on the surface have little to do with the energy industry.
Who will benefit from the loans?
Who exactly will receive loans from the Offshore Wind Energy Fund has not yet been determined, but from the available information it appears that the Baltic III OWF; Baltic II OWF; BC-Wind; Baltic Power; Baltic Trade Invest; Baltica 2; Baltica 3 have the best chances of receiving support. We still have to wait a little longer for the outcome of the call for applications, although it is already known that the construction of an offshore wind farm is such a complicated project that the best chances of receiving support are those entities that stand out with the appropriate experience and have the necessary resources.
