Polenergia reaches halfway point of foundation works
Over 50 foundations have been installed in the Baltic Sea. The 1.44 GW project is being carried out with Equinor.
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Polish private renewable energy group
polenergia.plLast updated
In short: Polenergia achieved significant milestones for its Bałtyk 2 and 3 offshore wind projects while reporting strong 2026 first-quarter results.
Over 50 foundations have been installed in the Baltic Sea. The 1.44 GW project is being carried out with Equinor.
This is the largest Project Finance financing in Poland, with a capacity of 1440 MW and a value of EUR 6 billion, carried out with Equinor.
The first foundations were installed using the Thialf vessel; energy is expected to flow in 2027.
Consolidated revenues amounted to PLN 925 million, and adjusted EBITDA profit was PLN 155.4 million, with progress in offshore and onshore projects.
Polenergia has become a target of a call. Shareholders want to buy over 17 million shares at PLN 59.10. The subscription period runs from July 14 to August 12, 2026.
The decision to attempt to delist Polenergia coincides with a remodeling of the company's balance sheet, a sell-off of its non-core assets and building long-term value. The leader of the energy transformation stands on the threshold...
Billion-dollar investments, seeking funds for wind projects and perhaps capital injection into the company - these are the reasons that may underlie the decision to intend to...
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