DNV Advises PGE Baltica for Offshore Wind Plants in the Baltic Sea
Independent energy expert and assurance provider DNV has been retained by PGE Baltica for the provision of technical and commercial advisory services in
Independent energy expert and assurance provider DNV has been retained by PGE Baltica for the provision of technical and commercial advisory services in connection to setting up a joint venture structure between Polska Grupa Energetyczna SA and Orsted for the development of two offshore wind projects in the Baltic Sea with a total potential capacity of up to 2.5 GW. Following the passing of Poland’s first Offshore Wind Act in January this year, it is expected that these offshore wind farms would play a key role in energy transformation of Poland towards a low-emission economy, contribute to ensuring energy security of the state while significantly reducing its CO2 emission in line with Poland’s National Energy and Climate Plan.
The 50/50 joint venture investment agreement between PGE, the largest power producer and Distribution Network Operator in Poland and Orsted s designated to develop, build, and operate Baltica 2, with a capacity of approximately 1.5 GW and Baltica 3 with a capacity of approximately 1 GW.