Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
By the end of 2022, Baltic Power had secured contracts covering production, transport and installation of all key components required to implement the Baltic Power offshore wind project. This portfolio of agreements included foundations, offshore substations, turbines, cable systems and associated installation services. Locking in the full suite of major supply and construction contracts marked a decisive transition from permitting and design into detailed execution planning, and was a prerequisite for the joint venture partners ORLEN and Northland Power to proceed towards final investment decision and the planned start of construction in 2024.