In May 2018, Equinor signed agreements to acquire a 50% interest in MFW Bałtyk II and MFW Bałtyk III. The two projects have a planned capacity of 1,200 MW with the potential to power more than two million Polish households.
In December 2018, Equinor exercised an option to acquire a 50% interest in Bałtyk I licence. The licence allows for a development of a wind farm with a capacity up to 1,560 MW.
Equinor has also entered into a 50/50 joint venture with Polenergia to further mature these projects towards future auctions and final investment decisions (FID), with Equinor being the manager for the development and potential construction and operational phases.
Polenergia is an experienced energy company with a growing renewable portfolio and in-depth knowledge of the Polish electricity market.
The wind farm areas are in the Baltic Sea approximately 27, 40 and 81 kilometres from the port of Łeba, in water depths of 20-40 metres. Equinor is already developing the Arkona offshore windfarm together with EON in the German part of the Baltic Sea.
Note: The closing of the transactions with Polenergia is subject to consent of the President of the Office of Competition and Consumer Protection in Poland (as of December 2018).