Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

PGE signs wind turbine supply deal for Baltica 2

by Staff GBAF Publications Ltd
0 comment

PGE signs wind turbine supply deal for Baltica 2

GDANSK (Reuters) – Poland’s biggest utility PGE said on Thursday a unit of the company had signed a deal with Siemens Gamesa Renewable Energy for delivery and installation of 107 offshore wind turbines as part of the Baltica 2 project.

The turbines have a total capacity of 1,498 megawatts (MW) and are expected to be installed by the fourth quarter of 2027.

“This is a groundbreaking decision and the largest contract in the history of renewable energy in Poland. We are estimating that this project alone will be able to provide green energy to about 2.4 million Polish homes,” said chief executive officer Wojciech Dąbrowski during conference call.

In February 2021, PGE and Danish partner Ørsted signed an agreement to form a 50/50 joint venture for the development, construction and operation of two offshore wind projects – Baltica 2 and 3 in the Baltic Sea – with a total potential capacity of up to 2.5 gigawatts.

According to PGE’s strategy, Baltica 2 and 3 are set to be completed by 2030.


(Reporting by Patrycja Zaras Editing by Jason Neely and Mark Potter)