Equinor acquires 50% in Polish offshore wind development project
BAKU, Azerbaijan, Dec. 10
By Leman Zeynalova – Trend:
Norway’s Equinor company has completed the acquisition of a 50 percent interest in the offshore wind development project Bałtyk I in Poland from Polenergia, Trend reports citing the company.
The company now has an interest in all three Bałtyk offshore wind development projects (MFW Bałtyk III, MFW Bałtyk II i MFW Bałtyk I.).
“The acquisition of Baltyk I strengthens our presence in the Baltic Sea area. With interest in all three - Baltyk I, II and III projects, we have the opportunity to build scale and value in what we see as an important energy region,” says Jens Økland, Senior vice president for business development in New energy solutions in Equinor.
The Bałtyk I offshore location license allows for a development of a wind farm with a capacity up to 1560MW of which Equinor will hold 50 percemt. Equinor will be the manager for the construction preparation and the potential construction and operational phases.
It was in 2018 that Equinor acquired a 50 percent interest in the offshore wind development projects Bałtyk II and Bałtyk III which have a combined planned capacity of 1,440 MW with the potential to power more than two million Polish households. Later that year, Equinor decided to exercise an option to acquire a 50 percent interest in the Bałtyk I offshore wind development project, and this transaction is now concluded.
The wind farm area is in the Baltic Sea in water depths of 25-35 meters, approximately 80 kilometers from the port of Łeba.
Equinor is developing oil, gas, wind and solar energy in more than 30 countries worldwide. It is the largest operator in Norway, one of the world’s largest offshore operators, and a growing force in renewables.
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