German energy company RWE has announced the sale of its stake in the Baltic II offshore wind project to the Polish energy group Polska Grupa Energetyczna (PGE).
Following the transaction, PGE has become the sole owner of the Baltic II offshore wind development project, which is planned for the Polish sector of the Baltic Sea.
The wind farm is expected to have a planned capacity of 350 MW and will be located approximately 50 kilometers offshore, north of the Polish coastal city of Ustka.
RWE stated that PGE is better positioned to carry out the project independently, while emphasizing that the German company remains committed to expanding its broader offshore wind portfolio.
As part of the agreement, the companies also completed the transfer of the environmental decision and related documentation for the neighboring offshore wind development area 44.E.1 from RWE to PGE.
Currently, RWE operates 19 offshore wind farms in five countries with a total installed capacity of 6.2 GW, of which 3.3 GW represents RWE’s share.
In addition, the company is currently building four major offshore wind projects in different countries:
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Sofia off the coast of northern England
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Thor in Denmark
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OranjeWind off the Netherlands
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Nordseecluster north of the German island of Juist
Once completed, these projects will add a combined capacity of about 4.8 GW, with 3.1 GW attributable to RWE.
