PGE Baltica to manage the wind farm in the Baltic Sea

PGE Baltica to manage the wind farm in the Baltic Sea

PGE Baltica, a newly established company by PGE, CEEP member, will implement the offshore wind farm program, an important part of PGE’s development strategy. The first farm in the Baltic Sea should be commissioned by 2025.

PGE Baltica will deal with the comprehensive management of the offshore wind farm project and it will also provide specialized support services for the target companies currently operating in the group: Baltica-1 Wind Power Plant (EWB1), Baltica-2 Wind Power Plant (EWB2), which in January 2019 received from PSE the consent to connect to the National Power Grid for 1489 MW, and Wind farm Baltica-3 (EWB3) with a connection agreement with PSE at 1045 MW. These companies have location permits for the construction of artificial islands in designated areas.

In the next years, the Baltic Sea will become the second largest reservoir of investments after the North Sea. It is estimated that about 9-12 GW will be built in the Baltic Sea, in Poland, Germany, Sweden or the Baltic States. The total of ​​the concession areas is of 2,3002 km, and the distance from land can reach from 20 to 30 km.

Monika Morawiecka, president of the board of PGE Baltica, stated that PGE wants to have 2.5 GW of capacity installed before 2030. We have been conducting wind measurements for over a year, which will allow us to optimize the location of turbines - Morawiecka said.

PGE closed end January the first stage of selection of strategic partners ready to participate in the preparation, construction and operation of the offshore wind farm project. Thirteen entities responded to the invitation. By the end of the year, we want to choose a partner to implement this project - said Monika Morawiecka.

Ultimately, PGE intends to sell it to a strategic partner, 50% of shares in two special companies responsible for offshore wind farm projects. The operation would be carried out with a partner in a joint venture formula.

According to the Polish energy strategy, up to 10 GW of offshore wind should be created. The projects are competitively priced, will be beneficial for the Polish economy, will help to reach RES target and reduce CO2 emissions.

PSE (Polish TSO) has so far two connection agreements for 2245 MW with PGE and Polenergia. Other connection conditions are in the process of negotiations with subsequent companies for a total capacity of 7100 MW for the projects from PGE, Polenergia, PKN Orlen and Baltic Trade Invest.