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Equinor bought 50% of Bałtyk I wind park from Polish company Polenergia

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In December 2019, Equinor completed the acquisition of a 50% stake in the Bałtyk I wind project in Poland from Polenergia. The company is currently interested in all three offshore wind projects in the Baltic (MFW Bałtyk III, MFW Bałtyk II and MFW Bałtyk I).

The acquisition of Baltik I strengthens our presence in the Baltic Sea region. Having become interested in all three projects – “Bałtyk I”, “II” and “III”, we have the opportunity to increase the scale and value in what we consider to be an important energy region, ”says Jens Auckland, Senior Vice President of Business Development in the field of new energy solutions in Equinor.

Bałtyk I in Poland from Polenergia

Bałtyk I offshore license allows the development of a wind farm with a capacity of up to 1,560 MW, of which Equinor will own 50%. Equinor will be the construction preparation manager and potential construction and operating phases.

The wind farm area is located in the Baltic Sea at a depth of 25-35 meters, about 80 kilometers from the port of Leba.

“Poland is an important market for Equinor, and we are pleased to continue our cooperation with Polenergia, which is an experienced energy company with a deep knowledge of the Polish energy market,” says Ekland.

Both companies have a 50/50 joint venture and work together to prepare Baltyk projects for construction.

Equinor welcomes the recent progress in developing a legal framework for an offshore wind farm in Poland. Clearly defined goals for the offshore wind, a reliable and predictable structure that establishes the right incentives and an orderly process for issuing permits, will be key success factors for developing the offshore wind sector in Poland and for realizing the potential of the Polish supply chain.