# PGE and Ørsted form joint venture for 2.5 GW offshore wind farms in the Baltic Sea

PGE Polska Grupa Energetyczna and Ørsted signed an agreement to establish a 50/50 joint venture to develop, construct, and operate two offshore wind projects in the Baltic Sea with a total capacity of up to 2.5 GW. Ørsted will acquire 50% shares in the Baltica 3 (1 GW) and Baltica 2 (1.5 GW) projects for PLN 657 million.

- Type: Partnership
- Announced: 2021-02-10
- Where: Baltic Sea, Poland
- Value: $175.0M (657.0M PLN)
- Status: announced
- Capacity: 2.5 GW
- Products: offshore wind energy
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Ørsted](https://endata.com/companies/3516.md) (partner)
- [PGE Polska Grupa Energetyczna](https://endata.com/companies/24389.md) (partner)

## Sources

- [en.ceo.com.pl](https://en.ceo.com.pl/PGE-and-Orsted-will-jointly-build-offshore-wind-farms-in-the-Baltic-Sea-36787), 2021-02-10: "PGE Polska Grupa Energetyczna and Ørsted have signed an agreement to establish a 50/50 joint venture company for the development, construction and operation of two offshore wind projects in the Baltic Sea with a total capacity of up to 2,5 GW."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.