Polish offshore licenses may be returned to government

POLAND: A number of the companies that have been provisionally awarded offshore wind development licenses for projects in Polish waters have yet to pay the government a mandatory fee to secure their licenses.

by James Quilter 20 November 2012

Competition for Polish offshore wind licenses has been fierce, with companies bidding for the right to develop about 50 potential offshore wind projects in the Polish Baltic Sea.

But some of the winners may prove unwilling to complete the process and secure their licenses.

Under the terms of the Polish offshore wind auction, license winners must pay 1% of the projected value of the eventual development. Depending on the site, this fee could amount to more than €3m.

Some companies that have been awarded licenses are concerned they will not be able to meet a legal deadline for the securing of building permits. Failure to do so could mean losing the fees they will have paid and other investments in their project(s).

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