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PGE Intends to Set the Pace for Poland’s Transformation

The European energy industry is undergoing a long-term process of profound transformation to achieve carbon neutrality. The process looks a little different in every country. In Poland, PGE Polska Grupa Energetyczna is at the centre of these changes, carrying out projects that are key to one of the largest economies in the European Union.

A final investment decision on the construction of the Baltica 2 offshore wind farm is expected soon. It is the largest so-called Phase I offshore wind power project in terms of generating capacity, which is currently being developed in the Polish part of the Baltic Sea by PGE Group and Ørsted. The final investment decision means in practice that one of the Polish energy company’s flagship projects is very advanced and moving into the final stage of construction. Investors have the complete set of administrative permits and have secured all farm components along with funding for the project.

“Once funding is secured and a final investment decision is made, we will move forward with the physical construction of the farm. Baltica 2 will start generating energy in May 2027. All key contracts on project implementation have been signed. We have contracted key elements of the farm – foundations, towers, turbines, onshore power stations and cables. We are building a service port in Ustka, where we are investing more than PLN 120 million (about EUR 26.5 million at the current exchange rate) in infrastructure. We have signed an agreement to lease a wharf for an installation port in Gdańsk”, PGE CEO Dariusz Marzec said in October 2024.