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    Home > Finance > Equinor, Polenergia agree on Polish offshore wind project
    Finance

    Equinor, Polenergia agree on Polish offshore wind project

    Published by Global Banking & Finance Review®

    Posted on May 19, 2025

    1 min read

    Last updated: January 23, 2026

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    Quick Summary

    Equinor and Polenergia commit to building two offshore wind farms in the Baltic Sea, enhancing Poland's renewable energy capacity by 2028.

    Equinor and Polenergia's Offshore Wind Project in Poland

    WARSAW (Reuters) -Norway's Equinor and Poland's Polenergia made a final investment decision for the project to build two wind farms off the Polish coast of the Baltic Sea, the Warsaw-based company said on Monday.

    The two farms, each with a generation capacity of 720 megawatts are set to cost a total of about 6.4 billion euros ($7.20 billion) and start generating power in 2027 and be completed in 2028.

    Investors, including PGE, Orlen, Equinor and Orsted are developing 6 gigawatts (GW) of offshore capacity along the Polish coast set to come online by 2030 and auctions for projects in the second round are planned for 2025.

    Poland is boosting offshore potential in the Baltic Sea estimated to be as high as 33 GW, according to the Polish Wind Energy Association (PSEW).

    ($1 = 0.8883 euros)

    (Reporting by Marek StrzeleckiEditing by Tomasz Janowski)

    Key Takeaways

    • •Equinor and Polenergia to build two wind farms in the Baltic Sea.
    • •Each wind farm will have a capacity of 720 megawatts.
    • •Total investment for the project is around 6.4 billion euros.
    • •The wind farms are expected to start generating power by 2027.
    • •Poland aims for 33 GW offshore capacity by 2030.

    Frequently Asked Questions about Equinor, Polenergia agree on Polish offshore wind project

    1What is the main topic?

    The main topic is the investment decision by Equinor and Polenergia to build offshore wind farms in Poland.

    2What is the capacity of the planned wind farms?

    Each wind farm will have a generation capacity of 720 megawatts.

    3When will the wind farms be operational?

    The wind farms are expected to start generating power in 2027 and be completed by 2028.

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