First Power

DELAYED +2yr (May 2026): Tracks the FID slip (2027 -> 2029, +2 years). Standard fixed-bottom OWF FID-to-first-power cycle is ~4 years for a project of this scale; with FID realistic year-end 2029, first power lands year-end 2034 (rounded; mirrors the FID slip). CAVEAT: the PSE register shows Termin przyłączenia 2032-12-17 matching the 7-year CfD commissioning deadline from the 17 Dec 2025 auction win. A first power date past Dec 2032 requires the developer to invoke Polish Offshore Wind Promotion Act 2020 force-majeure or TSO-fault extension provisions, or risk CfD revocation. The developer has not publicly addressed this gap. 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. --- Following its success in Poland’s first competitive offshore wind auction, the 1,560 MW Bałtyk 1 offshore wind farm is planned to start generating electricity in 2032. Polenergia, as developer alongside Equinor, notes that obtaining the Contract for Difference (CfD) stabilises future revenues and enables the project to move towards supplier contracting and financing. The project, located roughly 80–81 kilometres offshore in the Polish Baltic Sea and connecting to the Krzemienica substation onshore, is described as one of the largest wind farms in the Baltic Sea and the most advanced project in Poland’s second phase of offshore wind development. According to the adopted schedule cited by Polenergia, work towards launching the unit will continue over the coming years, with clean energy generation planned to begin in 2032, marking first power export to the grid.