“Ready for Offshore” programme to equip Polish companies seeking to enter the offshore wind sector: training, competence development and financing of up to PLN 100 million

In July of this year, electricity generated by an offshore wind farm was supplied to the Polish grid for the first time in history, through the Baltic Power project. This marks the beginning of an ambitious offshore development programme in Poland. In the near future, the Baltic Sea has the potential to become one of the most important regions for the development of new, stable and low-carbon energy sources for the economy. According to Poland’s energy policy objectives, the country plans to achieve 5.9 GW of installed offshore wind capacity by 2030, with this potential increasing to as much as 18 GW by 2040. With planned investments reaching PLN 500 billion by 2040, the sector is expected to become one of the key drivers of the energy transition and a cornerstone of Poland’s energy security.

The “Ready for Offshore” programme responds to the needs of the emerging offshore ecosystem and supply chain, including offshore wind investors, Polish companies seeking participation in contracts, and research and development institutions. The programme was designed following consultations with representatives from various industries. These consultations confirmed that Polish companies are ready to enter the offshore market but require support in developing competencies and gaining access to financing.

The initiative is built on two pillars:

Tailored Financial Instruments – ARP S.A. provides companies interested in joining offshore supply chains with a package of flexible financial products, including: investment loans, including loans backed by the InvestEU guarantee, development loans supporting projects financed through EU grants, leasing solutions. These instruments can be combined flexibly to finance investments required for the execution of offshore contracts. In addition, companies carrying out such projects within special economic zones managed by ARP may benefit from corporate income tax exemptions of up to 70% of the investment value for up to 15 years.

Competencies and Certifications – Based on recommendations developed together with PARP, Polish companies can access subsidised training programmes listed in the Development Services Database (BUR). These programmes cover eight key competencies required for participation in offshore projects, including: supply chain entry strategies, tendering and bidding processes, contracting, health and safety, quality management, delivery execution, innovation, and workforce development.

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Originally published on 15 Sep

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Hollister Incorporated boosts Lithuanian presence with 100 new hires

By Invest Lithuania 14 January 2025

US healthcare products manufacturer Hollister Incorporated is expanding its Lithuanian operations. This month, the company has officially opened its financial services center, Hollister SSC Lithuania, complementing its manufacturing facility, Hollister Lietuva, located in the Kaunas Free Economic Zone. Building on this growth, the company has announced plans to establish a new product development (NPD) center at its Lithuanian facility later in the year.

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Originally published on 14 Jan

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Estonia opened Business Hub in Washington D.C.

By Trade with Estonia 17 October 2024

Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.

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Originally published on 17 Oct

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