Heerema Signs Reservation Agreements for Polish Offshore Wind Projects

April 19, 2024, by Adnan Durakovic

Heerema Marine Contractors has signed reservation and preliminary work agreements with MFW Bałtyk II and MFW Bałtyk III, special purpose companies owned by Polenergia and Equinor, for the transport and installation of wind turbine foundations and an offshore substation.

”The subject of the Reservation Agreements is the obligation of the parties to continue negotiations in good faith of final agreements for the transport and installation of foundations for offshore wind turbines and an offshore transformer station (“Final Agreements”), in exchange for the Supplier’s reservation of the availability of installation vessels for the implementation of the Projects in accordance with the assumed schedule,” Polenergia said in a stock exchange announcement.

”Reservation Agreements may be terminated by the companies without cause, but this will result in the obligation to pay the Supplier remuneration for the preliminary work performed, a cancellation fee and cancellation fees and reservation fees to sub-suppliers. Cancellation fees may amount to approximately EUR 29.2 million for both projects. The companies may be charged with similar fees if the final agreements are not signed by July 1, 2024, subject to the possibility of extending this deadline by the parties.”

The 1,440 MW Bałtyk II and Bałtyk III will comprise 100 Siemens Gamesa SG 14-236 DD wind turbines installed on monopile foundations at the site 22 to 37 kilometres from the coastline near Ustka and Łeba in the Polish Baltic Sea.

The projects are expected to produce first power as early as 2027 while the commercial stage is planned a year later.

In addition to Bałtyk II and Bałtyk III, Equinor and Polenergia are developing the Bałtyk I project, an offshore wind farm that will have a capacity of up to 1,560 MW.