Ørsted and PGE's offshore wind joint venture sealed

The partners will jointly build and operate the offshore wind farms which will have a total installed capacity of up to 2.5 GW, as the companies have announced. Baltica 2 and Baltica 3 will contribute significantly to Poland’s green energy transition, accelerate the development of the local supply chain and spur economic activity for many years to come.

The President of the Polish Office of Competition and Consumer Protection has already approved the joint venture. Subsequently, the partners submitted an application for registration to the National Court Register and have now closed the transaction.

“PGE, as the largest producer of electricity in Poland, with extensive experience in the domestic energy sector, has invited one of the leaders in the global offshore wind energy market to jointly develop, construct and operate offshore wind projects. The combination of the knowledge and experience of Ørsted and PGE provides a solid foundation for the implementation of such an important investment in the domestic economy, which is the construction of two offshore wind farms in the Polish Exclusive Economic Zone of the Baltic Sea,” says Wojciech D?browski, President of the Management Board at PGE.

“I’m delighted that we have established a strong offshore wind partnership with Poland’s leading utility. We will bring our decades of experience to this new market to deliver green energy, create industrial development and local jobs, and assist Poland in becoming a leading offshore wind nation,” says Rasmus Errboe, Senior Vice President and Head of Region Continental Europe at Ørsted.