Poland: Puck Wind
(The Netherlands European Carbon Facility)
The Puck Project consists of 11 new wind generators of 2.0 MW each to be located in a wind farm northwest of Puck in the Pomerania Province in northwestern Poland. The Project was adopted in 2003 as part of the land development plans of the villages of Belcz, Gniezdzewo, Werblinia and Polczyna, within the Puck commune. The Resolution documenting these adoptions, No X/83/03 of 28-08-2003, was published in the Official Newspaper of Pomerania Province No 12 on 02-02-2004 (item 225).
Construction work was completed and the wind power plant complex brought on line early in 2007. The wind farm will generates electric energy estimated at an average annual rate of 51,000 MWh per year over the 20 year expected life of the turbines.
The sole output of the Project will be electricity sold to the Polish grid through the Energa electric distribution company. Coal is the dominant fuel in the Polish power sector with more than 92% of gross production in 2003 coming from public thermal power plants (ARE Table 2.1(5)) and 98% of that energy coming from plants fired with hard or brown coal. (ARE Table 3.1 (19). In 2002, the share of Polish production from public thermal plants was 91.8% with 98.4% of this output being generated from coal. In the past few years, electricity consumption was stable at around 100 – 110 TWh/year (2002). Output capacity of the power sector exceeds current demand by 40%.
The electricity generated by the Project will displaces grid generation, contributing to GHG reductions of ca. 305,160 tCO2e (tons of carbon dioxide equivalent) between start of operations and 31 December 2012. During the Kyoto Protocol commitment period of January 1, 2008 to December 31, 2012, the Project is expected to generate ca. 254,300 tCO2e of emissionreductions.
There can be little debate that carbon payments substantially enhance the attractiveness of this project both to lending institutions and to the investors. In summary, the project relies heavily on debt financing to earn returns and the risk associated with the project makes debt financing very difficult to obtain without carbon payments.
Wind power investment projects planned in Puck commune area and subject to local zoning procedure.