Ørsted teams up with ZE PAK for Polish offshore wind auction

Wind Industry Profile of

ZE PAK, Poland’s largest privately owned energy producer who is currently implementing a shift from coal to renewables, and Ørsted, global leader in offshore wind with 30 years of experience, have signed a letter of intent to participate in the upcoming auction for seabed leases in the Polish part of the Baltic Sea.

Next step for ZE PAK and Ørsted is to create a 50/50 joint venture which will be subject to merger clearance. The two companies will jointly participate in the upcoming auction for seabed leases in the Polish Baltic Sea. If successful in the lease auction, the partners intend to jointly bid into Poland’s future offshore wind CfD auctions planned for 2025 and 2027 to further expand their footprint and investments to support Poland on the country’s... ... More: Official Press Release Ørsted

Keywords:

Ørsted, ZE PAK, Poland, offshore, wind, auction, government, Baltic Sea, wind farm, lease, joint venture, CfD