Decision of the European Commission – no objection to the individual support granted to Elektrownia Wiatrowa Baltica 2 sp. z o.o. and Elektrownia Wiatrowa Baltica 3 sp. z o.o

46/2022

16.09.2022 16:56

Art. 17 sect. 1 of MAR – inside information.

Contents of the report

With regard to the current report no. 11/2021 of April 7, 2021, the Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) discloses that PGE has received from the the Energy Regulatory Office (the “ERO”) a decision of the European Commission (“EC”) stating no objection to the individual support at the level which does not exceed PLN 319.60/MWh granted for both stages of Baltica Offshore wind farm - Baltica 2 and Baltica 3, with a total capacity of 2.5 GW (pursued jointly with Ørsted). EC decision was issued within the process of individual notification of support for investors, required by EU regulations on state aid. Obtaining the decision of the EC is necessary for all projects implemented in the so-called the first phase of the Polish offshore program, that in 2021 received support in contract for difference formula by the decision of the President of the Energy Regulatory Office (ERO). According to the regulations, the ERO decision specifying the level of support for the project on the basis of the EC decision should be issued within 90 days from the date on which ERO obtained EC decision.

Signatures of persons representing the company

Date Name Position and function
2022-09-16 Ryszard Wasiłek Vice-President of the Management Board
2022-09-16 Wanda Buk Vice-President of the Management Board