RWE and PGE have successfully closed the transaction they announced in December. As agreed, PGE has become the sole owner of the F.E.W. Baltic II offshore wind development project in the Polish Baltic Sea. The wind farm has a planned capacity of 350 megawatts and will be located approximately 50 kilometres from shore, north of the Polish town of Ustka. In addition, at the end of last year, the parties completed the transfer of an Environmental Decision and related data for the adjacent wind development site 44.E.1. from RWE to PGE.
RWE remains fully committed to further support the Polish energy transition by developing, constructing and operating a diverse pipeline of renewable energy projects across Poland. Today, the company already operates onshore wind and solar farms with a combined capacity of more than 700 megawatts in the country.
RWE is convinced that, in synergy with their other portfolio, PGE is better positioned to realise the F.E.W. Baltic II project than RWE would be on a standalone basis. However, RWE’s target to further grow its offshore wind portfolio remains unchanged. The company currently operates 19 offshore wind farms in five countries with a total installed capacity of 6.2 gigawatts (GW) – RWE’s share in these projects amounts to 3.3 GW. Furthermore, RWE currently has four offshore wind projects under construction in four countries: Sofia off the coast of northern England, Thor in Denmark, OranjeWind off the Dutch coast and Nordseecluster north of the German island of Juist. Once completed, these projects will have a combined generation capacity of 4.8 GW, with RWE’s share amounting to 3.1 GW.