About the report:

In this report, we discuss the opportunities and threats related to the involvement of foreign entities in offshore projects in the so-called second support phase. In the first section, we present the conditions and perspectives of the projects themselves, including the related administrative procedures and investment barriers. In the second section, we analyse the business models of three types of potential partners of Polish companies, as well as the characteristics of their participation in the European offshore market. The third section presents the benefits and risks that their involvement in projects under the second phase of support may bring.

Key conclusions:

• PGE and Orlen will not be able to carry out offshore wind farm projects alone in the second phase of offshore development.
• Foreign energy companies are partners of Polish companies in projects implemented in the first phase of offshore support.
• Investment funds and financial institutions are partners who can potentially offer the most favourable conditions for project financing.
• RES developers can offer technical expertise and cost optimisation to Polish partners thanks to their experience in the offshore sector and their ability to develop synergies.