PKN Orlen to seek further offshore concessions in the Baltic

PKN Orlen will seek further concessions on the Baltic for offshore wind farms, the company’s vice-president Zbigniew Leszczyński said on Thursday. He estimated the costs of construction of the first farm with the capacity of 1.2 GW at PLN 10 bln.

We will apply for further concessions in the Polish part of the Baltic Sea, Leszczyński said at PKN Orlen’s Q1 2021 results conference. As he added, offshore wind energy is one of the pillars of the company’s strategy and it will continue to develop in this direction.

He reminded that the construction of the BalticPower offshore project with installed capacity of 1.2 GW, in which Orlen’s partner is Canada’s Northland Power, should start in 2023. The completion of this investment is planned for 2026.

PKN Orlen also intends to continue acquisitions of onshore wind farms. Leszczyński said that the plan is to acquire onshore wind assets in Pomerania with a total capacity of 90 MW. After this acquisition, PKN Orlen will own onshore farms with a capacity of 353 MW.

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