Statoil Enters Offshore Wind in Poland
Tuesday 6 March 2018
Statoil has signed an agreement with Polenergia to acquire a 50 % interest in the two early phase offshore wind development projects in Poland, Bałtyk Środkowy III (BSIII) and Bałtyk Środkowy II (BSII).
The two projects have a planned capacity of 1200 MW with the potential to power more than 2 million Polish households.
Statoil is also entering into a 50/50 joint venture with Polenergia to further mature these projects with Statoil being the Manager for the development, construction and operational phases.
The Bałtyk Środkowy II and III wind farm areas are located in the Baltic Sea approximately 27 and 40 kilometers from the port of Łeba in water depths of 20-40 meters. Statoil is already developing the Arkona offshore windfarm together with EON in the German part of the Baltic Sea. The company is also operating three offshore wind farms off the UK coast.
Offshore wind already has a strong foothold in Europe with over 15 GW installed capacity, with a potential to reach between 50 and 70 GW by 2030. Polish Baltic Sea has a potential in excess of 8 GW, where the first 4 GW 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.
Statoil is a Norway based energy company with operations in more than 30 countries. In addition to producing oil and gas the company is also developing a sizeable offshore wind portfolio. Its current offshore wind portfolio has the capacity to provide more than 1 million European homes with renewable energy. This includes the Arkona offshore wind farm in Germany and the Sheringham Shoal, Dudgeon and Hywind Scotland offshore wind farms in the UK.