PGE in talks with Orsted to sell Baltic offshore wind stakes

PGE in talks with Orsted to sell Baltic offshore wind stakes

Polish state utility PGE Polska Grupa Energetyczna has started discussions with Orsted with a view to selling a 50% stake in two offshore wind farm projects in the Baltic Sea with a total capacity of up to 2.5GW.

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The wind farms being considered for part-sale are the 1GW Elektrownia Wiatrowa Baltica 3, which is being developed for start-up in 2026, and 1.5GW Elektrownia Wiatrowa Baltica 2, slatged to be brought online in 2030.

In September, PGE and oil company PKN Orlen signed a letter of intent to cooperate on the development of their combined 3.7GW of offshore wind projects in the Polish Baltic.