PGE To Finalize Baltica 2 Offshore Wind Farm With Orsted Collaboration

Deal News | Feb 05, 2025 | CEE Legal Matters

PGE To Finalize Baltica 2 Offshore Wind Farm With Orsted Collaboration

Rymarz Zdort Maruta is serving as an advisor for PGE Polska Grupa Energetyczna in the implementation of the Baltica 2 offshore wind farm project, being developed in collaboration with the Orsted Group. Orsted, a Denmark-based energy company, specializes in the offshore wind market. The project, which has an estimated budget of around PLN 30 billion, aims to deliver a total capacity of 1.5 gigawatts by 2027. This initiative is part of a broader offshore wind program intending to generate 2.5 gigawatts total capacity by 2030, distributed across two phases. The first phase, Baltica Wind Power Plant-3, will have a capacity of 1 gigawatt, while the second, Baltica Wind Power Plant-2, will supply 1.5 gigawatts. PGE and Orsted have entered into a lease agreement for the Gdansk T5 terminal, which was executed in 2024 and commenced the Baltica 2 cable line connection. Legal teams from Rymarz Zdort Maruta, Hengeler Mueller, and SK&S are involved in various aspects of the project.

Sectors

  • Renewable Energy
  • Legal Services

Geography

  • Poland – PGE Polska Grupa Energetyczna is a Polish company, and the Baltica 2 offshore wind farm is set to be constructed in Polish waters.
  • Denmark – Orsted Group, partnering in the joint venture, is a Danish company.
  • Germany – The Hengeler Mueller legal team, which is involved in advising Orsted, operates in Germany.

Industry

  • Renewable Energy – The article discusses the development of an offshore wind farm, which is a key component of renewable energy infrastructure.
  • Legal Services – Several law firms are advising on the legal aspects of the joint venture and development, highlighting the role of legal services in large-scale energy projects.

Financials

  • PLN 30 billion – The estimated total budget for the Baltica 2 offshore wind farm project.

Participants

NameRoleTypeDescription
PGE Polska Grupa EnergetycznaTarget CompanyCompanyA Polish state-owned power company partnering in the Baltica 2 offshore wind farm project.
Orsted GroupJoint Venture PartnerCompanyDenmark-based global leader in the offshore wind energy market.
Rymarz Zdort MarutaLegal Advisor to PGECompanyA law firm providing legal advice to PGE on the Baltica 2 project.
Hengeler MuellerLegal Advisor to OrstedCompanyGerman-based law firm advising Orsted on legal matters related to the project.
SK&SLegal Advisor to OrstedCompanyA law firm involved in advising Orsted in the joint venture with PGE.