Thirteen potential partners have responded to PGE Group’s December 2018 invitation to participate in a project to build offshore windfarms in the Baltic.
PGE intends to eventually sell a 50% stake in two special-purpose vehicles responsible for the offshore wind project to a strategic partner of its choice and to subsequently develop the project as a joint venture.
PGE Group said it has completed an initial screening of applications from companies interested in becoming its strategic partner. When selected, that partner will prepare, develop and operate the offshore wind project.
The first stage of PGE’s programme involves developing an offshore windfarm with a maximum installed capacity of up to 2.545 GW.
The offshore assets are expected to start producing electricity in 2025. The investment will be put into commercial operation in the following year.
PGE Polska Grupa Energetyczna chief executive Henryk Baranowski says, “We have finished the first stage of selection and we are happy with the level of interest in co-operating with PGE Group on this project.
“Numerous potential partners have expressed interest in the project, including the largest players on the market, so the prospects for the development of our offshore wind project are very good.”
In December 2018, PGE Group invited more than a dozen potential business partners with experience in the European offshore wind energy market for talks. PGE is seeking a partner that has experience developing this type of project in the European market.
Offshore windfarms are one of PGE Group’s strategic development options after 2020. The company has begun work to secure environmental permits, is conducting surveys and undertaking work related to connection to the grid and other technical activities. Preparations for preliminary geological surveys are also in progress.
The offshore project is in line with Poland’s Energy Policy to 2040, which highlights offshore wind as one of the main tools for achieving renewables targets.
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