195;rsted A/S Pge And Ørsted Have Closed The Joint Venture Agreement For Polish Offshore Wind Projects
With the closing of the agreement, which was first announced on 10
, PGE and Ørsted now each own 50% of the shares in the offshore
wind projects Baltica 2 and Baltica 3, together comprising the Baltica
Offshore Wind Farm, the largest offshore wind project in the Polish part
of the Baltic Sea. The partners will jointly build and operate the
offshore wind farms which will have a total installed capacity of up to
In mid-March, the President of the Polish Office of Competition and
Consumer Protection approved the joint venture. Subsequently, the
partners submitted an application for registration to the National Court
Register and have now closed the transaction, which means that
Ørsted has acquired the 50% stake in the two project companies.
"PGE, as the largest producer of electricity in Poland, with extensive
experience in the domestic energy sector, has invited one of the leaders
in the global offshore wind energy market to jointly develop, construct
and operate offshore wind projects. The combination of the knowledge and
experience of Ørsted and PGE provides a solid foundation for the
implementation of such an important investment in the domestic economy,
which is the construction of two offshore wind farms in the Polish
Exclusive Economic Zone of the Baltic Sea," says Wojciech D browski,
President of the Management Board at PGE.
"I'm delighted that we have established a strong offshore wind
partnership with Poland's leading utility. We will bring our decades of
experience to this new market to deliver green energy, create industrial
development and local jobs, and assist Poland in becoming a leading
offshore wind nation," says Rasmus Errboe, Senior Vice President and
Head of Region Continental Europe at Ørsted.
Baltica 2 and Baltica 3 will contribute significantly to Poland's green
energy transition, accelerate the development of the local supply chain
and spur economic activity for many years to come. Both stages have
already received environmental permits and signed grid connection
agreements, and were awarded contracts for difference
by the Polish Energy Regulatory Office on 7 April 2021. Subject to
Ørsted's and PGE's final investments decisions, Baltica 3 (1 GW)
could become operational in 2026, while Baltica 2 (1.5 GW) could become
operational before 2030.
For further information, please contact:
+ 45 99 55 60 17
Allan Bødskov Andersen
+ 45 99 55 79 96
The Ørsted vision is a world that runs entirely on green energy.
Ørsted develops, constructs, and operates offshore and onshore wind
farms, solar farms, energy storage facilities, and bioenergy plants, and
provides energy products to its customers. Ørsted ranks as the
world's most sustainable energy company in Corporate Knights' 2021 index
of the Global 100 most sustainable corporations in the world and is
recognised on the CDP Climate Change A List as a global leader on
climate action. Headquartered in Denmark, Ørsted employs 6,311
people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted).
In 2020, the group's revenue was DKK 52.6 billion (EUR 7.1 billion).
Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and
-- Baltica 2 and 3 closing EN
(END) Dow Jones Newswires
May 06, 2021 12:16 ET (16:16 GMT)
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