The ORLEN Group has reached the Final Investment Decision (FID) to build Baltic Power, Poland's first offshore wind farm, said the company.
The project, set to bolster Poland's energy system through the addition of nearly 1.2 GW in 2026, will be pursued in partnership with Canada's Northland Power. Baltic Power will deliver sustainable, accessible energy to an estimated 1.5 M households.
The FID means that with all the requisite construction permits in place, all key components contracted and financing secured, the project is primed for execution. Moreover, as part of its ongoing efforts to facilitate offshore industry development, the Group has initiated the construction of an installation terminal in Swinoujscie.
We remind, ORLEN has entered into a conditional agreement to purchase two wind farms from a subsidiary of Octopus Renewables Infrastructure Trust PLC. Units with a total capacity of about 60 MW are located in the Provinces of Poznan and Szczecin.
mrchub.com