Equinor buys stake in third Polish offshore project

Equinor has exercised an option to buy 50% of the Baltyk I early stage offshore wind project in the Baltic Sea being developed by Polenergia.

Equinor is partnering with Polenergia on three offshore wind projects off Poland's Baltic Sea coast

Equinor said it is expanding the offshore partnership with the independent Polish energy group agreed earlier this year. Baltyk I's capacity could be to up to 1.56GW.

As was the case with the Baltyk II and Baltyk III projects, with a combined capacity of up to 1.2GW, Equinor and Polenergia will also set up a 50:50 joint venture to progress the project towards a future auction and final investment decision.

Equinor will be the manager for construction preparation and potential construction and operational phases.

Baltyk I is planned for a site about 81km from the port of Leba in water depths of 25-35 metres.

State-controlled Polish energy group PGE earlier in December said it was looking for a strategic partner to jointly develop up to 2,545MW of wind capacity in Poland’s Baltic Sea.  

Poland currently has no offshore capacity.