Orlen is investing millions in the “Baltic Power” and “Baltic East” offshore wind projects – this is an important step for Poland’s energy transition and security of supply.
The energy company has now secured around €830 million from the National Recovery Plan for the expansion of offshore wind energy in the Baltic Sea.
In line with its strategy, Orlen is expanding its capacities for low-emission and emission-free power generation. The aim is to strengthen Poland’s energy security. According to the Group, a central pillar of these efforts is investment in offshore wind energy. To implement these projects, the Group has secured PLN 3.5 billion – around €830 million – from the National Reconstruction Plan (KPO) as part of agreements with Bank Gospodarstwa Krajowego (BGK).
“Baltic Power” is followed by “Baltic East”
“The Baltic Sea is developing into the energy center of the entire region. This is where we are building our strategic generation plants from renewable sources – including the ‘Baltic Power’ offshore wind farm – and preparing our next project, ‘Baltic East’. These projects not only strengthen Poland’s energy security, but are already driving economic growth and creating new jobs throughout the region. Their realization is made possible in part by financing from the National Reconstruction Plan. Thanks to our cooperation with Bank Gospodarstwa Krajowego, we are shaping the energy transition and promoting the development of a modern, sustainable economy,” said Ireneusz Fąfara, Chairman of the Management Board and CEO of Orlen.
The agreements between Orlen and BGK include financing of around PLN 3.5 billion. Of this amount, PLN 900 million will be used for the Baltic Power offshore wind farm and the remainder for the Baltic East project.
Offshore wind energy projects require logistics and maritime technology
“Offshore wind farms require a wide range of advanced skills – not only in the energy sector, but also in logistics and maritime technology. The benefits of their construction and operation go far beyond the traditional supply chains of the energy industry and promote the development of numerous economic sectors in the country. This impact – together with falling electricity costs in a decarbonized economy – is particularly important from the perspective of competitiveness of both national players and Poland as an investment location. At the same time, it is a true measure of the effectiveness of the measures provided for in the National Recovery Plan,” said Marta Postuła, First Vice President of the Management Board of Bank Gospodarstwa Krajowego.
Orlen can use the secured funds to finance the offshore components of the projects – including the manufacture, supply and installation of wind turbines and foundations.
“Baltic Power”, developed by Orlen in partnership with Northland, is currently the most advanced offshore wind project in the Polish sector of the Baltic Sea. The first megawatt hours of electricity are to be fed into the grid as early as next year; the wind farm will be able to cover up to 3% of Poland’s electricity requirements.
At the same time, the Polish energy group – together with partners – is planning to develop further offshore projects with a total capacity of around 5.5 GW. “Baltic East”, the most advanced project of the second offshore phase and directly adjacent to “Baltic Power”, is currently being prepared for participation in the capacity auction in December 2025.
