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Poland's PGE starts looking for offshore wind partners

Wind turbines in the Baltic Sea. Author: Håkan Dahlström. License: Creative Commons, Attribution 2.0 Generic

December 6 (Renewables Now) - Polish power group PGE Polska Grupa Energetyczna SA (WSE:PGE), or PGE, said today it has invited over a dozen parties to potentially cooperate with the company оn building up to 2.55 GW of offshore wind parks.

PGE said in a statement it plans to eventually sell up to a 50% stake in two project companies that hold concessions for one 1,500-MW project and one 1,045-MW development, located about 25-30 km from the coastal city of Leba. The two schemes represent the first stage of the group’s offshore programme, which, in turn, aligns with the country’s Energy Policy 2040.

The Polish power producer is currently working on securing environmental permits for the two projects and anticipates a positive decision on environmental conditions next year.

"Wind measurements in the Baltic Sea in the area of the planned investment are on-going since January 2018. So far, the results confirm very good wind conditions for the surveyed areas. Estimated wind speeds at our locations might exceed 9 m/s,” commented Henryk Baranowski, CEO of PGE.

The ultimate goal is to generate first power around 2025 and achieve commercial operation in 2026.

At present, PGE has 14 onshore wind farms, 29 hydropower plants (HPPs), four pumped storage facilities and one solar photovoltaic (PV) park. Their combined capacity amounts to 2,188.9 MW.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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