Listed power utility PGE has signed a conditional agreement with RWE for the acquisition of FEW Baltyk II offshore wind project in the Polish part of Baltic Sea, PGE said in a market filing.
FEW Baltyk II is a project with a capacity of approx. 350 MW neighbouring the Baltica 9 project being developed by PGE. The project possesses a support in form of the contract for difference obtained within the so called first offshore phase.
"Acquisition of FEW Bałtyk II project will allow PGE Group to obtain synergies resulting from joint development of FEW Baltyk II and Baltica 9 projects and will contribute to reaching by the PGE Group the strategic objective of 4 GW of installed capacity in offshore wind farms in 2035," PGE said.
The transaction is expected to be closed in the first quarter of 2026.
RWE has also transferred an environmental decision for the adjacent wind development site 44.E.1 (area of Baltica 9 project).
On Thursday, the 975 MW Baltica 9 offshore wind farm project received support in an offshore wind auction.
RWE remains fully committed to further support the Polish energy transition by developing, constructing and operating a pipeline of renewable energy projects across Poland, RWE said in a press release. Today, the company operates onshore wind and solar farms in Poland with a combined capacity of more than 660 MW.
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