Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
The Baltic East offshore wind project secured revenue support after winning an offshore wind auction run by the President of the Polish Energy Regulatory Office (URE). ORLEN Group announced that Baltic East submitted a successful bid of 476.88 PLN/MWh, below the regulatory maximum, and as a result the project will benefit from a two-way contract for difference for up to 25 years, providing predictable revenues and stable operating conditions.