Bałtyk I Acquisition

Equinor, a Norway based SJE Group investment, has acquired a 50% stake in the offshore wind development project Baltyk I in Poland.

Equinor now has a stake in all three Baltyk offshore wind development projects. This provides an opportunity to build scale and value in what the company sees as an important energy region.

The Bałtyk I offshore location license allows for a development of a wind farm with a capacity up to 1560MW of which Equinor will hold 50%. Equinor will be the manager for the construction preparation and the potential construction and operational phases.

It was in 2018 that Equinor acquired a 50 % interest in the offshore wind development projects Bałtyk II and Bałtyk III which have a combined planned capacity of 1,440 MW with the potential to power more than two million Polish households. Later that year, Equinor decided to exercise an option to acquire a 50 % interest in the Bałtyk I offshore wind development project, and this transaction is now concluded.

The SJE Group congratulates Jens Økland, Senior Vice President for Business Development in New Energy Solutions at Equinor, along with the rest of the Executive team. 

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