ORLEN Strengthens Poland’s Energy Transition with PLN 3.5 Billion Financing for Baltic Power and Baltic East

ORLEN Strengthens Poland’s Energy Transition with PLN 3.5 Billion Financing for Baltic Power and Baltic East

(IN BRIEF) ORLEN has secured PLN 3.5 billion in funding from the National Recovery Plan (KPO) through Bank Gospodarstwa Krajowego (BGK) to accelerate offshore wind development in the Baltic Sea. The financing will support both the Baltic Power project—developed in partnership with Northland Power—and the upcoming Baltic East project. Of the total amount, PLN 900 million is allocated to Baltic Power, which is set to generate its first electricity in 2026 and meet up to 3% of Poland’s energy demand. The remaining funds will advance Baltic East, part of a 5.5 GW offshore portfolio under preparation. BGK’s involvement underscores the projects’ economic and strategic importance, promoting technological advancement, job creation, and Poland’s energy transition.

(PRESS RELEASE) PŁOCK, 29-Oct-2025 — /EuropaWire/ — ORLEN has taken another major step toward expanding its renewable energy portfolio by securing PLN 3.5 billion in financing from Poland’s National Recovery Plan (KPO) under agreements signed with Bank Gospodarstwa Krajowego (BGK). The funding will support the Group’s flagship Baltic Power and Baltic East offshore wind projects—key developments that strengthen Poland’s energy independence and advance the country’s transition toward low- and zero-emission power generation.

“The Baltic Sea is becoming the energy hub of our region. This is where we are building our most strategic renewable assets, including the Baltic Power offshore wind farm and our upcoming Baltic East project,” said Ireneusz Fąfara, President of the Management Board and CEO of ORLEN. “These investments not only boost Poland’s energy security but are already stimulating economic growth and creating new jobs across the region. Their progress is made possible through financing from the National Recovery Plan and our cooperation with BGK, which supports the energy transition and the development of a modern, sustainable economy.”

Under the agreements, PLN 900 million will be directed toward the Baltic Power offshore wind farm, while the remaining funds will support the Baltic East project. The financing will cover a range of offshore-related expenditures, including the manufacture, delivery, and installation of wind turbines and foundations.

“Offshore wind projects integrate a wide spectrum of advanced expertise—not just in energy production, but also in marine engineering, logistics, and infrastructure,” said Prof. Marta Postuła, First Vice-President of the Management Board at BGK. “The benefits of these projects extend far beyond the traditional energy sector, stimulating numerous branches of the national economy. This ripple effect, combined with reduced electricity costs in a decarbonised economy, enhances Poland’s competitiveness and demonstrates the real impact of the National Recovery Plan.”

The Baltic Power project, a joint venture between ORLEN and Northland Power, is the most advanced offshore wind development in the Polish sector of the Baltic Sea. Once operational, it will begin generating power in 2026, supplying up to 3% of Poland’s electricity demand.

In parallel, ORLEN is preparing to develop a new series of offshore wind projects with a combined capacity of around 5.5 GW. Among these, Baltic East—adjacent to Baltic Power—is the most advanced of the next phase of developments and will participate in the December 2025 capacity auction. These initiatives form a cornerstone of ORLEN’s long-term strategy to build a diversified, sustainable energy system for Poland and the wider region.

Media contact:
media@orlen.pl

SOURCE: ORLEN