PGE and Ørsted to build together offshore wind farms in Baltic Sea

PGE Polska Grupa Energetyczna and Ørsted signed an agreement to establish a 50/50 joint venture, the purpose of which will be the development, construction and operation of two offshore wind projects in the Baltic Sea with a total capacity of up to 2.5 GW.

Ørsted will take up new shares constituting 50% of the share capital in two PGE offshore wind farm projects: Baltica-3 Wind Farm with a capacity of approx. 1 GW and Baltica-2 Wind Farm with a capacity of approx. 1.5 GW for PLN 657 million.