Thirteen groups interested in Polish offshore stakes

5 February 2019

Thirteen groups have responded to a call by Polish energy group PGE for partners in its planned offshore wind farms.

PGE launched an invitation in December 2018 for companies interested in investing in two special purpose vehicles set up to build offshore wind capacity in Poland. Stakes of up to 50 per cent are being offered.

PGE announced at the end of January that it has now closed the first screening stage for potential strategic partners willing to participate in preparing, developing and operating its offshore project. It is planning to develop up to 2545 MW of offshore capacity, with electricity production starting in 2025.

“We have finished the first stage of selection and we are happy with the large interest in cooperating with PGE Group on this project. Numerous stable partners have applied, including the largest players on the market, having thousands of megawatts completed in this technology so far. These are very good perspectives for the development and the future of our offshore project,” said Henryk Baranowski, CEO of PGE Polska Grupa Energetyczna.

PGE requires the partner to have appropriate experience in developing this type of investment on the European market, be able to support the project in technical aspects and in contracting as well as share its know-how in this area with PGE.

Offshore wind farms are one of PGE Group’s strategic development options after 2020. The project’s current stage involves securing essential environmental permits, conducting wind strength surveys and performing works related to connection to the power grid as well as other technical activities. Preparations for preliminary geological surveys are also in progress.

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