Wind producer Ørsted and Poland’s largest energy company have taken a final investment decision on the 1.5-gigawatt (GW) wind project called Baltica 2 off the country’s northern coast, the companies said Jan. 29.

Working with 50:50 partner PGE Polska Grupa Energetyczna (PGE), Ørsted said a 25-year inflation-protected contract for difference is in place for the project with the Polish state. All permits for the wind farm, which will include 107 Siemens Gamesa turbines, are in hand, grid connection contract secured and major component and vessel contracts signed.

“With today’s announcement, we’re ready to build Baltica 2, a flagship project for offshore wind in Poland,” said Rasmus Errboe, deputy CEO and chief commercial officer at Ørsted, “We’re satisfied with the value creation of the project, which has an attractive risk-reward profile.”

The wind farm is the largest renewable energy project being developed in the Baltic Sea, PGE CEO Dariusz Marzec said.

“This investment represents a significant step in Poland’s energy transition and serves as a major boost to economic development, attracting new investments to the entire Polish economy and helping to create new jobs,” Marzec said.

Baltica 2 is expected to be fully commissioned in 2027, according to Ørsted.

The project is part of the Baltica Offshore Wind Farm, which also includes the 1-GW Baltica 3 that is expected to go online by 2030.

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