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Home›Business & Finance›Ørsted, PGE Take Final Investment Decision on 1.5 GW Baltica 2 Offshore Wind Farm
Business & Finance

January 30, 2025 · about 1 year ago

Ørsted, PGE Take Final Investment Decision on 1.5 GW Baltica 2 Offshore Wind Farm

Ørsted and PGE Polska Grupa Energetyczna (PGE) have taken the final investment decision (FID) on the 1.5 GW Baltica 2, which is the first stage of the Baltica Offshore Wind Farm in the Polish Baltic Sea. Located approximately 40 kilometres off the Polish coast near Ustka, Baltica 2 has a 25-year inf

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Cadeler Baltica 2
Source: PGE

Ørsted and PGE Polska Grupa Energetyczna (PGE) have taken the final investment decision (FID) on the 1.5 GW Baltica 2, which is the first stage of the Baltica Offshore Wind Farm in the Polish Baltic Sea.

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Rozpoczynamy budowę największej morskiej farmy wiatrowej na Bałtyku?? Baltica 2 to 1,5 GW energii odnawialnej dla 2,5 miliona gospodarstw domowych. Nasz projekt zdywersyfikuje produkcję energii w Polsce. Zwiększy bezpieczeństwo energetyczne kraju oraz zapewni czystszą i tańszą…

Located approximately 40 kilometres off the Polish coast near Ustka, Baltica 2 has a 25-year inflation-protected contract for difference (CfD) in place with the Polish state. The wind farm has obtained all permits and has signed a grid connection contract with the Polish transmission system operator PSE.

According to PGE, the Baltica 2 offshore wind project obtained PLN 11.1 billion (approximately EUR 2.6 billion) in loan from 24 Polish and international financial institutions, including European Investment Bank and European Bank for Reconstruction and Development.

“With today’s announcement, we’re ready to build Baltica 2, a flagship project for offshore wind in Poland. We’re satisfied with the value creation of the project, which has an attractive risk-reward profile,” Rasmus Errboe , Deputy CEO and Chief Commercial Officer at Ørsted.

The Baltica 2 offshore wind farm will use the Gdansk Port for the storage, pre-assembly, and offshore installation of wind turbine components.

The project will comprise 107 Siemens Gamesa 14 MW-222 turbines, which will be installed by Cadeler and Fred. Olsen Windcarrier .

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Van Oord will be installing the foundations. The company plans to deploy its offshore installation vessel Aeolus and heavy-lift installation vessel Svanen on the 1.5 GW Polish offshore wind project.

The monopiles will be supplied by German-based Steelwind Nordenham and the Navantia-Windar consortium .

Semco Maritime and PTSC Mechanical & Construction (PTSC M&C) will be responsible for the design, manufacturing, and commissioning of the offshore substations, while Orient Cable (NBO) will be delivering 170 kilometres of 66 kV subsea array cables that will be connecting the wind turbines to the offshore substations.

Seaway7 will transport and install the offshore substations at the site offshore Poland. Boskalis will carry out the transportation and installation of export and array cables under a contract signed with Ørsted and PGE in September 2023.

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“The Baltica 2 offshore wind farm, the largest renewable energy project currently under development in the Baltic Sea, will diversify Poland’s energy production, enhance energy security, and provide cleaner and more affordable energy,” said Dariusz Marzec , CEO of PGE.

“This investment represents a significant step in Poland’s energy transition and serves as a major boost to economic development, attracting new investments to the entire Polish economy and helping to create new jobs.”

Construction work offshore will begin this year, after the removal of boulders from the seabed. In 2026, the partners will begin installing monopile foundations, export cables, and offshore substations.

After completing these stages, the installation of cables between the foundations and offshore substations will take place, while in 2027, the installation of wind turbines will commence.

Baltica 2 is expected to be fully commissioned by the end of 2027. With a joint capacity of 2.5 GW, the Baltica 2 and Baltica 3 projects will create the Baltica Offshore Wind Farm. Baltica 3 is planned to be fully operational by the end of the decade.

With its Offshore Wind Act, Poland has committed to installing 5.9 GW offshore wind by 2030, and 11 GW by 2040.

NOTE: The details on financing and the start of offshore construction have been updated.

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