Development of the Baltic Power offshore wind farm is a joint venture project of two experienced companies: ORLEN SA (Poland) and Northland Power (Canada). Under the partnership agreement signed in 2021, the companies will jointly carry out the construction of the 1.2 GW offshore wind farm at the Baltic Sea.
The ORLEN Group is an integrated multi-energy concern, listed in the prestigious Fortune Global 500 world ranking. The company operates on 10 domestic markets: Poland, the Czech Republic, Germany, Austria, Lithuania, Slovakia, Hungary, Canada, Norway and Pakistan. The ORLEN Group's offer reaches over 100 countries on 6 continents.
The company's activities include both the extraction of crude oil and natural gas, as well as the processing and sale of petroleum products, as well as the generation and distribution of energy. One of the key elements of ORLEN's mission is to be a leader in the energy transformation process in the region.
In the new ORLEN strategy until 2035, the concern announced, among others, an increase in gas extraction, the construction of four offshore wind farms, large-scale energy storage facilities and at least two small nuclear power plants. By the end of 2035, ORLEN plans to allocate from PLN 350 to 380 bn for strategic purposes.
More about the ORLEN 2035 strategy: Strategy 2035.
Northland Power is a Canadian-owned global power producer dedicated to accelerating the global energy transition. Founded in 1987, with almost four decades of experience, Northland has a long history of developing, owning and operating a diversified mix of energy infrastructure assets including offshore and onshore wind, solar, natural gas and battery energy storage. Northland also supplies energy through a regulated utility.
Headquartered in Toronto, Canada, with global offices in seven countries, we are publicly traded on the Toronto Stock Exchange (TSX:NPI). Northland owns or has an economic interest in 3.2 GW of gross operating generating capacity and a significant inventory of early to mid-stage development opportunities encompassing approximately 10 GW of potential capacity.
For more informations about company visit northlandpower.com