February 1, 2021, by Adrijana Buljan
MFW Bałtyk I, a company owned by Polenergia and Equinor, has signed an agreement with the Polish grid operator Polskie Sieci Elektroenergetyczne (PSE) for the connection of the Bałtyk I offshore wind farm to the electricity distribution network.
At the beginning of 2019, PSE specified the connection conditions for Bałtyk I, which allow the project to be built to its full capacity of 1,560MW.
The offshore wind farm is one of the three projects that Polenergia and Equinor are jointly developing in the Baltic Sea, the other two being Bałtyk II and Bałtyk III. With Bałtyk II and Bałtyk III each having a 720 MW capacity, the three offshore wind farms being developed by Polenergia and Equinor will have a total installed capacity of 3 GW.
Poland: PKN ORLEN selects strategic partner for Baltic offshore wind farm project
01 Feb 2021
Canadian Northland Power will be
PKN ORLEN’s strategic partner for its offshore wind farm project in the Baltic Sea. The Partnership will be responsible for the preparation, development and operation of the offshore wind farm with a capacity of up to 1.2 GW. Northland Power Inc. will ultimately acquire a 49% interest in the project, due to start in 2023 and scheduled for commissioning in 2026. The selection of a partner for our offshore wind farm is a milestone in this pioneer project for the region. By combining our local experience, gained in the advanced preparatory work, with the global offshore wind expertise of Northland Power Inc., we will be well placed to quickly and effectively deliver subsequent stages of the project. We are happy to have found a partner whose business model and vision for energy transition are in line with the ORLEN Group’s long-term plans. Our cooper
Northland Power Buys Stake in Baltic Power Offshore Wind Project in Poland morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
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Northland Power Announces Acquisition of a 49% Interest in Baltic Power Offshore Wind Project .
Northland Power Inc.January 29, 2021 GMT
TRANSACTION HIGHLIGHTS
Continuation of Northland’s strategy of leveraging its top ten offshore wind sector position globally to expand its offshore wind portfolio
Partnership delivers scale and opportunity to enter growing offshore wind market in Central Europe
Poland provides an attractive investment destination, with clear roadmap for offshore wind and other renewable technologies such as onshore wind and solar
Project expected to benefit from long-term, 25-year revenue contract
By Reuters Staff
2 Min Read
WARSAW, Jan 29 (Reuters) - Poland’s state-run oil refiner PKN Orlen has partnered with Canada’s Northland Power to jointly develop a 1.2 gigawatt offshore wind farm in the Baltic Sea, PKN said on Friday.
Poland is pushing development of offshore wind in its future energy mix, complemented by solar and nuclear energy, with the European Union pressing it to cut carbon emissions.
The Polish Baltic Sea region has been attracting foreign investors as local companies seek international expertise and experience. Private energy firm Polenergia is working with Equinor, while state-run PGE is in talks with Orsted on a joint project.