Revenue Secured

Baltic East secured a 25-year two-way contract for difference (CfD) at PLN 476.88/MWh in Poland's first competitive offshore wind auction (AMFW/1/2025), held by URE on 17 December 2025. The bid was the LOWEST of the three winning bids; the highest of the winning bids reached PLN 492.32/MWh (winners: Baltic East 900 MW, Baltica 9 975 MW, Bałtyk I 1,560 MW — 3.435 GW awarded against a 4 GW cap). The strike price is below the maximum set by the Regulation of the Minister of Climate and Environment of 9 January 2025. Under the CfD, Baltic East must generate first power within 7 years (by 17 December 2032), at which point the 25-year support period commences. The CfD counterparty is ZARE (Zarządca Rozliczeń S.A.). Baltic East was additionally granted preferential debt financing under Poland's National Recovery Plan (KPO) for construction works in marine areas.