Friday, December 11, 2020

PKN ORLEN in talks with companies interested in collaboration opportunities in the offshore wind farm supply chain

PKN ORLEN in talks with companies interested in collaboration opportunities in the offshore wind farm supply chain

Almost 400 people from 273 firms took part in the PKN ORLEN Offshore Wind Supply Chain Meeting 2020. This was the first in a series of meetings for suppliers interested in collaboration opportunities in the Baltic Power offshore wind farm supply-chain.

The event was held online on December 9th 2020, and its participants had the opportunity to learn about the Company’s offshore wind power development plans in the context of the new ORLEN2030 strategy, assumptions underlying the Baltic Power offshore wind project and key details of procurement processes associated with the project.

PKN ORLEN plans to undertake further meetings as part of its dialogue with suppliers. A series of meetings will be held in 2021 to discuss the individual work packages, with the participants to include Tier 1 suppliers. During the meetings, held in workshop format, participants will be provided with detailed information on the requirements, technology and schedules for the individual procurement packages. The excellent turnout of close to 400 people representing various businesses and industries is an important sign for PKN ORLEN that firms are greatly interested in working with the Company on its offshore wind projects.

PKN ORLEN’s plans to develop offshore wind power generation in the Baltic Sea are an opportunity for Polish enterprises. The projects located in Poland’s exclusive economic zone will need a robust supply-chain. The conditions on the Baltic Sea, Poland’s geographical location and the already declared readiness of companies to undertake a new business venture create for the offshore wind industry an opportunity to become the driving force of the Polish economy. The project also means multi-billion investments and creation of thousands of jobs for qualified personnel. In line with its new strategy, PKN ORLEN alone plans to spend PLN 47bn on state-of-the-art power projects, including offshore wind, by 2030.

PKN ORLEN is the first fuel and energy company in Central Europe to declare an intention to achieve emission neutrality by 2050. By 2030, the Group will reduce its CO2 emissions from its current refining and petrochemical assets by 20%, and CO2/MWh emissions from electricity generation assets by 33%. The project to build an offshore wind farm, now at an advanced stage of preparation, is for the Company one of the key ventures that will be instrumental in achieving these objectives.

SEE ALSO

news

Thursday, March 25, 2021

PKN ORLEN finalises its strategic partnership with Northland Power on Baltic Power project

​After fulfilment of the conditions precedent - including obtaining merger clearance - stipulated in the joint venture agreement signed in January 2021, NP Baltic Wind B.V. a subsidiary of Northland Power has subscribed for the shares in Baltic Power. The joint venture agreement provides for joint development and operation of the Baltic Power offshore wind farm, whose construction is scheduled for launch in 2023.


MORE
news

Friday, January 29, 2021

PKN ORLEN SELECTS STRATEGIC PARTNER FOR OFFSHORE WIND FARM PROJECT

​Canadian Northland Power Inc. will be PKN ORLEN’s strategic partner for its offshore wind farm project in the Baltic Sea. The Partnership will be responsible for the preparation, development and operation of the offshore wind farm with a capacity of up to 1.2 GW. Northland Power Inc. will ultimately acquire a 49% interest in the project, due to start in 2023 and scheduled for commissioning in 2026.


MORE
news

Thursday, January 14, 2021

ORLEN SECURES GRID CONNECTION AGREEMENT FOR ITS OFFSHORE WIND FARM

Baltic Power, a member of the ORLEN Group, has signed a grid connection agreement with Polskie Sieci Elektroenergetyczne for its offshore wind farm in the Baltic Sea. The agreement marks another milestone in preparations for the wind farm project, providing a guarantee that clean energy generated by offshore wind can be fed into the national power system.


MORE