PKN Orlen and Northland formed a joint venture.

PKN Orlen, a Polish state oil refiner and petrol retailer, and Northland, a power producer founded in 1987, formed a joint venture, which provides for joint development and operation of the Baltic Power offshore wind farm, whose construction is scheduled for launch in 2023. Financial terms were not disclosed. “As the cooperation between PKN Orlen and Northland Power has fully come into being, we are opening a new chapter in the development of offshore wind power generation in the Baltic Sea. By 2026, we will begin to supply Polish homes with clean energy from the sea, yet the experience and know-how we will have gained while implementing the project are no less important to us. In line with the ORLEN2030 strategy, we aspire to become a regional leader in energy transition within the next decade,” Daniel Obajtek, PKN Orlen President.