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Finance

Orlen with green light for new offshore wind project in Baltic Sea

Polish energy company, the Orlen Group, has received five new location permits for the development of wind farms in the Baltic Sea, following an announcement by Poland’s Ministry of Infrastructure on Tuesday (30 May).

As a result, the Group’s power generation potential from offshore wind farms may soon increase by around 5,200 megawatts (MW), the company said.

“The Orlen Group’s capabilities to carry out large-scale offshore wind development projects are unmatched by any other company in Poland,” said Daniel Obajtek, CEO and President of the PKN Orlen Management Board. “We owe them to the experience already gained in the Baltic Power project and the construction of Poland’s first installation terminal for offshore wind farms. We will leverage our expertise in further wind farm projects, also within the five licence areas we have just been awarded. Such projects may bring the ORLEN Group’s offshore wind capacity up to about 5.8 GW [gigawatts]. The planned wind farm developments in the Baltic Sea are a key element of our multi-utility business strategy, but are also crucial to the region’s energy security.”

Orlen’s new permits cover areas located near the towns of Kołobrzeg and Łeba, around 30 kilometres (km) off the coastline.

By 2030, the company aims to have around nine GW of installed capacity from renewable energy sources (RES).

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