ORLEN Secures PLN 3.5 Billion for Offshore Wind Projects
- ORLEN secured PLN 3.5 billion from the National Recovery Plan for offshore wind projects.
- PLN 900 million is allocated to the Baltic Power offshore wind farm.
- Baltic Power aims to deliver electricity next year, covering up to 3% of Poland's demand.
- Baltic East is preparing for a December 2025 capacity auction.
Investment Overview
ORLEN has secured PLN 3.5 billion from the National Recovery Plan to advance its offshore wind projects, in collaboration with Bank Gospodarstwa Krajowego (BGK). This funding is part of ORLEN's strategy to expand low- and zero-emission energy capacities, enhancing Poland's energy security.
Project Allocation
Of the total funds, PLN 900 million is designated for the Baltic Power offshore wind farm, with the remaining amount allocated to the Baltic East project. These projects are pivotal in driving economic growth and job creation in the region.
Project Timelines
Baltic Power, developed in partnership with Northland, is the most advanced offshore wind project in the Polish sector of the Baltic Sea. It is expected to deliver its first megawatt-hours of electricity next year, potentially covering up to 3% of Poland's electricity demand.
Future Developments
ORLEN plans to develop additional offshore projects with partners, aiming for a combined capacity of around 5.5 GW. Baltic East, adjacent to Baltic Power, is preparing for a capacity auction scheduled for December 2025. These initiatives are integral to ORLEN's strategic growth and support a sustainable energy transition.
Source: ORLEN