Orsted Joins Poland’s PGE in Offshore Wind Park Project (1)

Poland’s biggest utility PGE SA teamed up with Denmark’s Orsted A/S to build a pair of wind farms in the Baltic Sea as the coal-reliant central European country moves ahead with a $35 billion plan to clean up its power generation.

Orsted, the world’s biggest offshore wind-park developer, agreed to buy a 50% stake in PGE’s 2.5-gigawatt project for 657 million zloty ($178 million), according to a statement published by the Polish company on Wednesday. Wind farms are poised to become Poland’s biggest energy project, with the government expecting to spend around 130 billion zloty by 2040 to build ...