Equinor and Polenergia have made a significant step in advancing renewable energy in Poland by committing to the development of two offshore wind farms in the Baltic Sea. The final investment decision, announced on Monday, marks a pivotal move in Poland’s broader strategy to harness its substantial offshore wind potential, which the Polish Wind Energy Association estimates at 33 gigawatts.
The two wind farms, each with a generation capacity of 720 megawatts, represent a combined investment of approximately 6.4 billion euros ($7.2 billion). The project is slated to commence power generation in 2027 and reach full completion by 2028.
This substantial investment underscores the increasing attractiveness of Poland’s offshore wind sector, which is expected to deliver around 6 gigawatts of capacity by 2030, driven by projects involving key players like PGE, Orlen, Equinor, and Orsted.
Poland’s commitment to expanding its offshore wind capabilities is aligned with the European Union’s broader renewable energy and decarbonization objectives. The upcoming second round of offshore wind project auctions, scheduled for 2025, will further bolster this momentum, presenting new opportunities for investors and developers in the sector.
GreentechLead.com News Desk