DNV GL has signed a long-term contract related to the comprehensive technical advisory and supervision services for the Barwice Wind Farm currently under construction.
DNV GL has signed a long-term contract related to the comprehensive technical advisory and supervision services for the Barwice Wind Farm currently under construction. The completion of the project is scheduled for the beginning of 2020, while this will be one of the first projects implemented under the new renewables support scheme. Once completed, the project will increase the capacity of renewable energy sources in Poland, helping to reach the targeted quotas, while also limiting the country’s CO2 emissions.
DNV GL, advising the investor earlier during the project’s acquisition process, will now provide further services, like design verification, turbine inspections, project monitoring or overall technical advisory. DNV GL will also represent the investor during the construction process as a statutory supervisor, providing team of qualified inspectors.
Background:
The “new scheme” is a competitive, auction based governmental support system that should ensure reaching the renewable sources targets. It assures 15 years support for the winning projects. Bids are made on the base of price per MWh and declared electricity volume. Investors profit from the new regulatory framework in place, providing long term base for project development and operation, but the new scheme also lead to high competitiveness and low prices, proving that wind is a mature technology that could provide clean energy at affordable price.
Although the new scheme supposed to provide a solid base for further renewables development in Poland, market still need to deal with the limited trust towards wind investments and adheres effects of the earlier disruption. In general, banks are rather reluctant for financing the projects. Seeing foreign investors and international financing institutions actively engaged (again) in the market is a good sign.
The new regulations favor the well prepared and competitive projects. Investors need more certainty than previously and valuate the projects well prior the auctions. As projects are at certain development stage, there are limited possibilities to make changes.