Statoil makes Poland play

18 March 2018

Statoil says it will play a key role in the development of Poland’s first offshore wind farm after signing an agreement with Polenergia to buy a stake in two project developments in the Baltic Sea.

Statoil is to acquire a 50 per cent stake in Baltyk Srodkowy III (BSIII) and Baltyk Srodkowy II (BSII), which will have a combined capacity of 1200 MW. Statoil will manage the development, construction and operation of the wind farms.

Poland is “well-placed” to develop a strong offshore wind industry, according to Statoil. The Polish Baltic Sea has a potential development capacity of 8 GW, and up to 4 GW could be in operation by 2030.

The BSII and BS III wind farms will be located in the Baltic Sea, 27 and 40 km from the port of Leba. The transaction with Polenergia is subject to regulatory clearances in Poland, Statoil said.

“We are entering a market with growth potential through two of the most advanced offshore wind developments in Poland,” said Irene Rummelhoff, executive vice president of New Energy Solutions in Statoil. “The country is well-placed to develop a strong offshore wind industry that would create jobs and value in one of the most dynamic parts of the European markets.

“Following a dramatic reduction in cost for offshore wind, we are looking forward to work with our new partner, the Polish authorities and the Polish supply chain to advance offshore wind as a competitive source of energy and industry.”

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