Statoil enters offshore wind in Poland

Statoil has signed an agreement with Polenergia to acquire a 50 per cent interest in the two early phase offshore wind development projects in Poland, Bałtyk Środkowy III (BSIII) and Bałtyk Środkowy II (BSII).

The projects have a planned capacity of 1,200MW with the potential to power more than two million Polish households.

Statoil is also entering into a 50-50 joint venture with Polenergia, with Statoil managing the development, construction and operational phases.

The Bałtyk Środkowy II and III wind farm areas are located in the Baltic Sea about 27 and 40 kilometres from the port of Łeba in water depths of 20 to 40 metres.

Polish Baltic Sea has a potential in excess of 8GW, where the first 4GW could be in operation by 2030.

The closing of the transactions with Polenergia is subject to consent of the President of the Office of Competition and Consumer Protection in Poland.

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