Orlen has signed financing agreements worth €805 million with Bank Gospodarstwa Krajowego (BGK) to accelerate the development of its offshore wind portfolio under Poland’s National Recovery Plan.
The funding will support the Baltic Power and Baltic East projects, advancing Orlen’s strategy to expand low- and zero-emission generation while strengthening national and regional energy security, it said.
Of the total, €207 million will be directed to the Baltic Power offshore wind farm, with the remaining funds allocated to the Baltic East project.
“The Baltic Sea is becoming the energy hub of the entire region,” said Orlen president and chief executive Ireneusz Fąfara.
“This is where we are developing our strategic renewable assets, including building the Baltic Power offshore wind farm and preparing our next project, Baltic East. These undertakings will not only reinforce Poland’s energy security but are already driving economic growth and creating new jobs across the region.”
Fąfara added that cooperation with BGK and support from the National Recovery Plan will help build a “modern, sustainable economy”.
BGK first vice-president Marta Postuła said: “Offshore wind farms involve a wide range of advanced competences, not only in energy, but also in logistics and marine engineering. The benefits of their construction and operation go beyond traditional supply chains, initiating the development of numerous branches of the national economy.”
Funds will be used to finance offshore components such as the manufacture, delivery and installation of wind turbines and foundations.
Baltic Power, a joint venture between Orlen and Northland Power, is currently the most advanced offshore wind project in the Polish Baltic Sea and is expected to begin generating electricity next year, meeting up to 3% of national demand.
In parallel, Orlen and its partners plan to develop further offshore wind projects totalling around 5.5GW, including Baltic East, which is being prepared for the December 2025 capacity auction.