Investegate announcements from Ørsted A/S, Ørsted and ZE PAK join forces to participate in the upcoming auction for seabed leases in the Polish part of the Baltic Sea
DJ Ørsted and ZE PAK join forces to participate in the upcoming auction for seabed leases in the Polish part of the Baltic Sea Ørsted A/S (ORHE) Ørsted and ZE PAK join forces to participate in the
Poland: PGE and Orsted close JV agreement for Polish offshore wind projects
07 May 2021
Ørsted now each own 50% of the shares in the offshore wind projects
Baltica 2 and
Baltica 3, together comprising the
Baltica Offshore Wind Farm, the largest offshore wind project in the Polish part of the Baltic Sea. The partners will jointly build and operate the offshore wind farms which will have a total installed capacity of up to 2.5 GW.
In mid-March, the President of the Polish Office of Competition and Consumer Protection approved the joint venture. Subsequently, the partners submitted an application for registration to the National Court Register and have now closed the transaction, which means that Ørsted has acquired the 50% stake in the two project companies.
Danish
With the closing of the agreement, which was first announced on 10 February 2021, PGE and Ørsted now each own 50% of the shares in the offshore wind projects Baltica 2 and Baltica 3, together comprising the Baltica Offshore Wind Farm, the largest offshore wind project in the Polish part of the Baltic Sea. The partners will jointly build and operate the offshore wind farms which will have a total installed capacity of up to 2.5 GW.
In mid-March, the President of the Polish Office of Competition and Consumer Protection approved the joint venture. Subsequently, the partners submitted an application for registration to the National Court Register and have now closed the transaction, which means that Ørsted has acquired the 50% stake in the two project companies.