Polenergia and Equinor Seal Polish Offshore Wind Deal

Poland’s largest private energy group Polenergia and Norway’s Equinor (formerly Statoil) have officially signed the agreement to jointly own and develop two offshore wind projects in the Polish Baltic Sea with a combined capacity of 1,200MW.

Image source: Equinor

With the signing of the agreement, Equinor has now taken over 50% stakes in Polenergia Bałtyk II and Polenergia Bałtyk III, the special purpose companies developing the two 600MW projects.

Equinor will manage the development, construction and operational phases of the two projects.

The two wind farms will be located in areas approximately 27 and 40 kilometres from the port of Łeba in water depths of 20-40 meters.

The Polenergia Bałtyk III wind farm is expected to deliver first power in 2025, with Polenergia Bałtyk II following suit in 2027.

Polenergia has already signed grid connection agreements and has secured two valid environmental decisions for the construction of the two wind farms.