Norwegian energy major Statoil has signed an agreement with Polenergia, the largest privately-owned energy group in Poland, to collaborate on the construction of offshore windfarms in the Baltic.
The company has initialled an agreement with Polenergia to acquire a 50% interest in two early phase offshore wind development projects in Poland, Bałtyk Środkowy III (BSIII) and Bałtyk Środkowy II (BSII). The projects have a combined capacity of 1.2 GW.
Statoil is also entering into a 50/50 joint venture with Polenergia to mature the projects, with Statoil managing the development, construction and operational phases.
Statoil’s executive vice president of new energy solutions Irene Rummelhoff said “We are very pleased to have entered into a partnership with Polenergia, which is an experienced energy company with a growing renewable portfolio and indepth knowledge of the Polish electricity market.
Statoil has an ambition to grow significantly in the renewable energy industry, investing up to €10Bn (US$12Bn) by 2030, and this acquisition strengthens our presence in the Baltic, providing opportunities for scale and synergies in the long-term.”
The Bałtyk Środkowy II and III windfarm areas are located in the Baltic approximately 27 km and 40 km from the port of Łeba in water depths of 20–40 m.
The Polish sector of the Baltic has an offshore wind potential of in excess of 8 GW. An initial 4 GW could be in operation by 2030.
Closing of the transactions with Polenergia is subject to consent of the president of the Office of Competition and Consumer Protection in Poland.