PGE wants to build 2.5k MW in offshore wind farms

WSE-listed power utility PGE wants to build offshore wind farms with capacity up to 2.5k MW by 20130, the company’s CEO Henryk Baranowski said. “In theory currently, with big technological development, increased capacity of wind farms and declining prices, our intentions are 2.5k MW by 2030,” he said. Currently the company is working on projects with 1,000 MW capacity and plans to finance it themselves, however, it’s open to partnerships. “If we decide that a partnership will bring benefits, then - as we assumed in the strategy - we don't exclude partnerships in any area. But currently, we are not in any advanced talks regarding searching for a partner,” Baranowski explained. The company forecasts that offshore wind farms with 1,000 MW capacity would cost PLN 12-14 billion.