Poland’s state-controlled Orlen has made a conditional investment decision for the country’s 1.2 GW offshore wind project, Baltic Power, enabling the finalisation of the design phase.
The Baltic Power, in which Orlen holds more than 51% of shares, with the remaining stake held by Canada’s Northland Power, is the most advanced offshore wind farm project in Poland. The total finance plan is estimated at around €4,73bn.
The project already has all the permits for the onshore part of the project, as well as a permit for the construction of an offshore power connection to bring power from the wind farm to the mainland.
It also has secured contracts for all key components of the farm – including Vestas turbines, which will be installed by BW Group-backed Cadeler, Bladt Industries and Semco Maritime offshore and onshore substations, NKT cables, and Steelwind Nordenham and Smulders foundations, which will be installed by Dutch marine construction firm Van Oord.
One of the conditions for reaching a final investment decision remains the acquisition of construction permits for the offshore part of the project. The construction phase is planned to start later this year. The wind farm will be built some 23 km off the coast, near Łeba and Choczewo and when completed in 2026, it will be able to supply up to more than 1.5m households with clean energy.
