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POWER: Orlen Mulls Expanding Offshore Wind Portfolio, New Partner

POWER
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 Poland’s Orlen is considering expanding its offshore wind portfolio and may select a partner for a new project by the end of 2025, CEO Ireneusz Fafara said, cited by ISB news.

  • The firm is currently focusing on the 1.2GW Baltic Power Offshore wind projects but will seek a partner for a possible new project to mitigate risks in a “challenging market.”
  • Challenges in the offshore market may complicate partner selection, making it harder than with Baltic Power, Orlen added.
  • The Baltic Power Project is anticipated to be operational in 2026.
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 Poland’s Orlen is considering expanding its offshore wind portfolio and may select a partner for a new project by the end of 2025, CEO Ireneusz Fafara said, cited by ISB news.

  • The firm is currently focusing on the 1.2GW Baltic Power Offshore wind projects but will seek a partner for a possible new project to mitigate risks in a “challenging market.”
  • Challenges in the offshore market may complicate partner selection, making it harder than with Baltic Power, Orlen added.
  • The Baltic Power Project is anticipated to be operational in 2026.