ORLEN secures PLN 3.5 billion from the National Recovery Plan for offshore wind development
In line with its strategy, ORLEN is consistently expanding low- and zero-emission generation capacities, materially strengthening the energy security of Poland and the wider region. A key pillar of these efforts is investment in offshore wind. To advance these projects, the Group has secured PLN 3.5 billion from the National Recovery Plan (KPO) under agreements signed with Bank Gospodarstwa Krajowego (BGK).
“The Baltic Sea is becoming the energy hub of the entire region. This is where we are developing our strategic renewable assets, including building the Baltic Power offshore wind farm and preparing our next project, Baltic East. These undertakings will not only reinforce Poland’s energy security but are already driving economic growth and creating new jobs across the region. Their delivery will be made possible in part thanks to financing from the National Recovery Plan. Thanks to our cooperation with Bank Gospodarstwa Krajowego, we build energy transition and the development of a modern, sustainable economy”, said Ireneusz Fąfara, President of the Management Board and CEO of ORLEN.
The agreements between ORLEN and BGK provide financing of approximately PLN 3.5 billion. Of this amount, PLN 900 million will be allocated to the Baltic Power offshore wind farm, and the remaining funds to the Baltic East project.
“Offshore wind farms involve a wide range of advanced competences, not only in the field of energy, but also in logistics and marine engineering. The benefits of their construction and operation go beyond the traditional supply chains of the energy sector, initiating the development of numerous branches of the national economy. It is this effect, alongside the falling costs of electricity in a decarbonised economy, that is particularly important from the point of view of the competitiveness of both domestic entities and Poland's investment competitiveness. At the same time, it is a true measure of the effectiveness of the measures included in the National Recovery Plan”, said prof. Marta Postuła, First Vice-President of the Management Board of Bank Gospodarstwa Krajowego.
ORLEN may apply the secured funds to finance expenditure on the offshore scope of the projects, including the manufacture, delivery, and installation of wind turbines and foundations.
Baltic Power, developed by ORLEN in partnership with Northland, is currently the most advanced offshore wind project in the Polish sector of the Baltic Sea. The first megawatt-hours of electricity are expected to flow next year, with the farm capable of covering up to 3% of Poland’s electricity demand.
In parallel, the ORLEN Group plans – together with partners – to develop additional offshore projects with a combined capacity of around 5.5 GW. Baltic East, the most advanced project of the second offshore phase and adjacent to Baltic Power, is currently being prepared for bidding in the December 2025 capacity auction. Offshore wind is one of the ORLEN Group’s strategic growth pillars, supporting a sustainable and just energy transition.
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