Commercial Operations Full Power

DELAYED +2yr (May 2026): Tracks first_power (year-end 2034). On a 1,560 MW / ~104-turbine single-phase project the gap between first_power and full power is typically a few months of staged commissioning, well within year precision. CAVEAT (same as first_power): COD past 17 Dec 2032 breaches the 7-year CfD commissioning deadline from the auction win, triggering Polish Offshore Wind Promotion Act 2020 force-majeure / TSO-fault extension provisions or CfD revocation. The 2032 contractual deadline (PSE register Termin przyłączenia 2032-12-17) is materially out of reach on the AC base case given the FID slip. AC base case. HVDC scenario: a 2024 PSE application to switch the connection conditions to HVDC remains unresolved per the 2026-02-28 PSE register (UoP still dated 2021-01-29). If PSE later approves, add +1-2 years for HVDC converter slot constraints (Hitachi/Siemens Energy/GE booked into 2030-31) and converter-platform design iteration. --- The Bałtyk 1 offshore wind farm, a 50/50 joint venture between Polenergia and Equinor with a planned capacity of up to 1,560 MW and up to 104 turbines on the Central Shoal about 80 kilometres offshore, is scheduled to reach full commercial operation in 2032. After securing a 25‑year Contract for Difference in Poland’s first offshore wind auction at a guaranteed strike price of PLN 492.32/MWh (indexed to inflation and capped at the National Bank of Poland’s target rate), the project now has a defined commercial operations date. Once in commercial service, Bałtyk 1 is expected to become Poland’s largest offshore wind farm, supplying renewable electricity to more than two million Polish households annually. Building permit and final investment decision are targeted by 2027, enabling construction and commissioning to progress towards the 2032 COD.