Ørsted and ZE PAK join forces to participate in the upcoming auction for seabed leases in the Polish part of the Baltic Sea
ZE PAK, Poland’s largest privately owned energy producer who is currently implementing a shift from coal to renewables, and Ørsted, global leader in offshore wind with 30 years of experience, have signed a letter of intent to participate in the upcoming auction for seabed leases in the Polish part of the Baltic Sea
Next step for ZE PAK and Ørsted is to create a 50/50 joint venture which will be subject to merger clearance. The two companies will jointly participate in the upcoming auction for seabed leases in the Polish Baltic Sea. If successful in the lease auction, the partners intend to jointly bid into Poland’s future offshore wind CfD auctions planned for 2025 and 2027 to further expand their footprint and investments to support Poland on the country’s journey towards climate neutrality.
Zygmunt Solorz, main shareholder and Chairman of the Supervisory Board of ZE PAK, says: “Wind energy is one of the pillars of ZE PAK’s strategy to switch to zero-emission energy production and I am glad that we have the opportunity to cooperate with Ørsted.(…)”.