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PGE Polska Grupa Energetyczna

PGE Polska Grupa Energetyczna S.A.

Business & Finance

06 Dec | PGE invites partners to build wind farms in Baltic Sea

  • PGE is launching a search for a strategic partner to prepare, build and operate wind farms in the Baltic Sea with total capacity of up to 2545 MW as the first stage of PGE Group’s offshore programme.
  • PGE intends to eventually sell up to a 50% stake in two special purpose vehicles that are preparing the offshore projects, continuing to operate them with the partner on a joint venture basis.
  • The first electricity from these offshore assets will be delivered in 2025 and the first investment will enter the commercial operation phase the following year. The first stage of PGE’s offshore programme will supply electricity to as many as four million households.