BP studying move into Polish offshore wind farms

The Polish offshore wind energy sector is high on the list of priorities for bp Poland. The prerequisite, however, is a stable regulatory environment, which is crucial in terms of multi-billion dollar outlays and a 25–30-year payback period. The first step to its creation is the so-called offshore act that entered into force at the beginning of this year. However, work is underway on implementing regulations, and their original proposal raises doubts in some industry.

“Poland is very high on the list of offshore priorities of the Bp Capital Group. If the regulatory environment and executive regulations allow it, we will consider investments in Polish offshore in the near future” – announces Michał Obiegała, the director of corporate affairs of Bp in Poland. “We are currently looking for investment opportunities on the global market. We are already talking about 7.4 GW of installed capacity in projects under development.”

A year ago, the company entered into a strategic partnership with the Norwegian company Equinor and is developing a project with a capacity of 4.4 GW on the east coast of the United States. The second large investment is a wind farm with a capacity of 3 GW in the Irish Sea, implemented jointly with the German company EnBW.

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