Ørsted and PGE Polska Grupa Energetyczna S.A. (PGE) have signed an agreement to form a 50/50 joint venture for the development, construction, and operation of two offshore wind projects in the Baltic Sea with a total potential capacity of up to 2.5 GW.
Ørsted will subscribe for new shares representing 50% of the total share capital in PGE’s two offshore wind projects, Elektrownia Wiatrowa Baltica-3 sp. z o.o. (Baltica 3) and Elektrownia Wiatrowa Baltica-2 sp z o.o. (Baltica 2). Baltica 3 has a capacity of approximately 1 GW and Baltica 2 has a capacity of approximately 1.5 GW. The subscription price for the newly issued shares in Baltica 2 and 3 will amount to a total of PLN657 million (US$177.13 million).
Both projects are eligible to be included in Poland’s 2021 offshore wind allocation round, where a total of 5.9 GW is expected to be awarded. Baltica 3 is the most advanced of the two projects and could become operational in 2026.
Subject to regulatory approval, the transaction is expected to close in Q1 2021.
Country updates
-
-
January 29, 2021
PKN Orlen starts construction of 20 MW PV Gryf solar project
Energa Group, a unit of PKN Orlen, has started the construction of its 20 MW PV Gryf solar photovoltaic project located at a former mining area in the Wielkopolska Voivodeship of Poland...
Read more -
January 28, 2021
Deutsche Windtechnik wins service deal for 42 MW Kisielice wind park in Masurian Voivodeship
Deutsche Windtechnik's Polish unit has added 21 Enercon E82 turbines to its full-service portfolio. The wind farm Kiesilice, located in the northern area of Warmian-Masurian, receives maintenance for...
Read more -
January 27, 2021
RWE to build 76 MW of French and Polish wind projects
RWE’s European renewables business has invested in four new onshore wind farms with a total installed capacity of 76 megawatts (MW). Three of the projects are located in France, and one in Polan...
Read more -
January 27, 2021
Masdar, Taaleri SolarWind II fund completes acquisition of Mlawa and Grajweo wind projects
The Taaleri SolarWind II fund has, together with Masdar, one of the world’s leading renewable energy companies, acquired 100% ownership of the Mlawa and Grajewo wind farms. The wind farms are lo...
Read more -
January 21, 2021
EBRD provides loan for 51.4 MW of wind projects in Mazowieckie
The EBRD is providing a loan of PLN117 million (US$31.3 million) for a project in the north-east of Poland with a total installed capacity of 51.4 MW: Mława (37.4 MW), located approximately 110 km nor...
Read more
