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Polish energy giants to cooperate on offshore wind farm projects

The three largest Polish energy companies, PGE, Enea and TAURON have signed a letter of intent for cooperation on future offshore wind farm projects. They all have recognised the value of offshore wind for the development of the Polish economy and for increasing the country’s energy security.

According to Deputy Prime Minister Jacek Sasin, it is not only a step towards the transformation of the Polish energy sector to a low-carbon economy but above all, it is about the benefits that will come, including the growth of innovative solutions and the potential coming from polish companies.

“This is particularly important in helping the economy to recover from the pandemic crisis,” he pointed out. 

In the signed letter of intent, PGE, Enea and TAURON expressed their will to establish strategic cooperation related to future investment projects in the field of offshore wind energy in the area of the Polish Exclusive Economic Zone of the Baltic Sea.  

Wojciech Dąbrowski, president of the management board of PGE underlined the role of the company as a leader in the development of offshore wind energy in Poland. By 2030, PGE intends to reach an installed offshore wind capacity of 2.5 gigawatts (GW). By 2040, according to the Group’s strategy, its wind farms will reach a capacity of 6.5 GW.

“Thanks to this agreement, together with TAURON and Enea, we can increase our chances in the process of applying for location permits for offshore wind farms while also increase the possibilities of financing,” Mr Dąbrowski said. “The development of offshore wind projects is a huge investment impulse for the entire Polish economy and Polish entrepreneurs.”

“Using the energy potential of the Baltic Sea requires the construction of an efficient financing mechanism, the cooperation of Polish companies and specialised competencies,” agreed Wojciech Ignacok, CEO of TAURON.

Following its Green Turn strategy, TAURON assumes an increase in the share of renewable energy sources (RES) to over 65 per cent by 2030 while, at the same time, a reduction of CO2 emissions by half. By 2025, TAURON intends to have over 1,000 megawatts (MW) of installed capacity in onshore wind turbines and photovoltaic farms with a capacity of 300 MW. Wind farms in the Baltic Sea are to play an important role in the Group’s transformation after 2025.

“Offshore wind energy plays an extremely important role in the development plans of the Enea Capital Group,” added Paweł Szczeszek, CEO of Enea. “Today’s formal establishment of cooperation between the three companies will allow us to become much more competitive on the demanding offshore market, which in turn will significantly accelerate and strengthen our activities in this business segment.”

Last June, Enea Group announced its interest in offshore wind farms in the Baltic Sea with a possible total capacity of up to 3.3 GW, an important pillar of the company’s low- and zero-emissions strategy.

The letter of intent comes after Poland’s Senate passed the Offshore Wind Act unanimously. The law will now be submitted for the President’s signature and will come into force in late January or early February. According to the Energy Policy of Poland until 2040, in 20 years as much as from 8 to 11 GW of offshore wind power capacity is to be installed.

Photo: Ministry of State Assets.

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