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    Offshore wind industry calls on Poland for indexation of support for investors - Equinor Polska CEO


    November 16, 2022 - Zylinska Julita

     

      "Offshore wind energy is accelerating on the global scene, which means an immense pressure on developers and supply chains," Kolodziejczyk said, explaining that the pressure results from rising costs.

      "Therefore, we need to change some elements that had been worked out," he continued. "In Poland, this leads to the industry's calls to reflect changes on the market in the offshore act."

      As he explained, the industry's proposals include introducing indexation of support for investors who are developing offshore wind in Poland. The support was granted by the energy market regulator URE mid last year.

      "The second postulate is reducing the burden of financing for investors and consumers which is related to the fact that bulk of costs is shouldered in euro, so tying CFD contracts to euro would allow for reducing the costs of hedging," the CEO elaborated.

      Finally, the offshore wind lobby would like Poland to invest in grid and reduce the regulatory burden on investors, as offshore investments need to be accelerated in Poland in order to secure the assumed 15.3 GW of capacity to 2035.

      Deputy climate minister Ireneusz Zyska said during the conference that some of the industry's calls has been accounted for in the draft bill, including the indexation of granted support and at least partly tying support to the euro in order to avoid FX risk for investors.

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