A PYMNTS Company

Poland OKs Two State-Owned Wind Companies To Work Together

By  |  March 14, 2021

Poland’s Office of Competition and Consumer Protection, locally known as UOKiK, has given the green light to two state-owned companies to create joint ventures with foreign partners for the construction of wind farms in the Baltic Sea.

In the first case, PGE Polska Grupa Energetyczna has received the regulator’s approval to establish a JV with Denmark’s Ørsted to develop and build the 1-GW Baltica 3 and 1.5-GW Baltica 2 projects. It was announced in February. 

Meanwhile, Polish oil refiner PKN Orlen got UOKiK’s nod regarding a JV deal with NP Baltic Wind BV, a special purpose vehicle owned by Canada’s Northland Power. In late January, the Canadian power producer announced it will buy from PKN Orlen a 49% stake in an up to 1.2-GW offshore wind project.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.