Under the compression model, offshore developers and operators can opt to receive a higher FIT of €0.19 ($0.26) per kilowatt hour during the first eight years of operation, helping companies to meet elevated upfront investment costs.

Following the extension, projects that are grid-connected by the end of 2019 will still be entitled to opt for the compression model. Previously, the deadline for the model was December 31, 2017.

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