PGE Baltica was established in January 2019 as the company responsible for implementing the Offshore Program in the PGE Capital Group which coordinates preparations for the construction of three wind farms:

• Baltica-1 Wind Farm (EWB1), with a maximum capacity of up to 900 MW;
• Baltica-2 Wind Farm (EWB2), with a maximum capacity of up to 1 498 MW;
• Baltica-3 Wind Farm (EWB3) with a maximum capacity of up to 1 036 MW.

PGE Polska Grupa Energetyczna is the owner of PGE Baltica and EWB-1-3 special purpose vehicles. All three SPVs have location permits enabling the construction of offshore farms in designated areas of the Baltic Sea.

PGE Baltica plans to build three offshore wind farms in the Polish part of the Baltic Sea (Baltica 3 and 2 by 2030, Baltica 1 – after 2030). Their total maximum capacity will be up to 3.5 GW.

Investment schedule

The commissioning of the first stage of the project, i.e. Baltica 3 with a capacity of up to 1045.5 MW, is planned for 2026. The next stage, i.e. Baltica 2 with a capacity of up to 1,497 MW, is to be commissioned by 2027. Both of these stages of the Baltica OWF have location decisions (PSzW), environmental decisions for the offshore part, contracts for connection to the transmission network with the operator, and were also granted the right to a contract for difference (CfD). In 2022, we expect to receive an environmental decision for the onshore transmission part. We will also work on obtaining construction permits, which will enable us to make the final investment decision. We plan to put the Baltica 1 project into operation after 2030.