ORLEN embarks on construction of Central Europe’s largest green energy project

The ORLEN Group has reached the Final Investment Decision (FID) to build Baltic Power, Poland’s first offshore wind farm. The project, set to bolster Poland’s energy system through the addition of nearly 1.2 GW in 2026, will be pursued in partnership with Canada’s Northland Power. Baltic Power will deliver sustainable, accessible energy to an estimated 1.5 million households. The FID means that with all the requisite construction permits in place, all key components contracted and financing secured, the project is primed for execution. Moreover, as part of its ongoing efforts to facilitate offshore industry development, the Group has initiated the construction of an installation terminal in Świnoujście.

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ORLEN Group to invest in more wind farms

ORLEN has entered into a conditional agreement to purchase two wind farms from a subsidiary of Octopus Renewables Infrastructure Trust PLC. Units with a total capacity of about 60 MW are located in the Provinces of Poznań and Szczecin. These wind farms, which became operational in 2022, match the energy consumption of over 100,000 households annually. Once the acquisition is completed, ORLEN will have an approximate total renewable capacity of almost 1 GW.

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ORLEN Group secures licences for five wind farms in the Baltic Sea

The ORLEN Group has received the Minister of Infrastructure’s final decision awarding licences for five new offshore wind farm development sites. The decision marks the initiation of the project’s preparatory phase. The ORLEN Group’s forthcoming five offshore farms are planned to have a capacity of approximately 5.2 GW, generating sufficient clean energy to meet the needs of around 8 million households.

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Baltic Power secures credit facility agreements for Poland’s first offshore wind farm

The ORLEN Group and Northland Power have entered into credit facility agreements to finance their joint Baltic Power project, the first wind farm, which will be constructed in the Polish waters of the Baltic Sea. The agreements have been signed with a syndicate comprising 25 Polish and international financial institutions, marking one of the key stages in the project preparation process.

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ORLEN set to start construction of installation terminal in Świnoujście

The ORLEN Group has selected a contractor for the onshore part of the installation terminal, which will support offshore wind farms. Construction will begin in October and will be completed in late 2024 or early 2025. Once completed, the terminal will facilitate the installation of more than 80 offshore wind turbines per year. It will be equipped to handle the Baltic Power project as well as other planned wind ventures.

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ORLEN is actively expanding its presence in Norway to bolster Poland’s energy security

The ORLEN Group is strengthening its position in Norway and preparing to launch production from new fields. Over the next few months, the Group is set to start production from the Tommeliten Alpha field, which will yield an additional 0.5 billion cubic meters of natural gas annually. This is one of nine investment projects undertaken in the past two years to enhance the ORLEN Group’s gas production on the Norwegian Continental Shelf. The gas extracted from the new fields will be transported to Poland through the Baltic Pipe pipeline, reinforcing the country’s energy security and independence.

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Baltic Power offshore wind farm with conditional investment decision

ORLEN's Supervisory Board has made a conditional investment decision for the Baltic Power offshore wind farm, enabling the finalisation of the design phase. The construction phase is planned to start later this year after the completion of the financing process and completion of construction permits. The joint investment of ORLEN and Northland Power at this stage is the most advanced offshore wind project in Poland.

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New wind farms in ORLEN Group

The ORLEN Group has entered into a conditional agreement with EDP Renewables Polska for the purchase of three wind farms in the Wielkopolska region with a total capacity of 142 MW. Additionally, there is an option for photovoltaic development up to 159 MW that can be implemented, inter alia, on the basis of cable pooling. The farms launched in 2021 and 2022 can supply clean energy to as many as c. 240 thousand households annually. The assets being acquired are not only among the most modern, but also the most effective wind farms in Poland. They are powered, among others, by 4.2 MW turbines, one of the largest currently used in Poland. The transaction is expected to be finalised later this year.

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ORLEN Group strengthens renewable energy segment

ORLEN Group plans further RES investments in the Poznań Province. Energa Wytwarzanie of the ORLEN Group has signed a preliminary agreement with Greenvolt to purchase a wind farm and four photovoltaic installations. The projects under development have a total capacity of 59 MW and, once the sale is finalised, will join the renewable energy sources of about 700 MW already operating in the ORLEN Group.

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