Tag: Baltic Power

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ORLEN Reports PLN 76.5bn Revenue and PLN 7.7bn Net Profit in Q2

ORLEN Group’s revenue reached PLN 76.5 billion in the second quarter of 2026, with LIFO operating profit of PLN 13.9 billion and net profit...

ORLEN Acquires 216 MW Hybrid Solar and Wind Project in Poland

The ORLEN Group has completed the acquisition of a hybrid renewable energy project in the municipality of Kazimierz Biskupi in Poland’s Greater Poland region....

First Power from CCGT Grudziądz Delivered to Poland’s National Grid

The CCGT Grudziądz combined-cycle gas turbine power plant has delivered electricity to Poland’s national power system for the first time. Synchronising the generator with...

First Electricity from Baltic Power Delivered to Poland’s National Grid

Electricity generated by the first turbines at the Baltic Power offshore wind farm has been delivered to Poland’s national power grid. Reaching the milestone...

Nearly PLN 26 Billion From Poland’s Recovery Plan Allocated to Transport Projects

Nearly PLN 26 billion has been earmarked for the development of Poland’s transport sector under the National Recovery and Resilience Plan (KPO). According to...

Baltic Power Nears Completion as 50 Turbines Are Installed in the Baltic Sea

Fifty of the 76 turbines planned for the Baltic Power offshore wind farm have now been installed. The joint investment by ORLEN and Northland...

ORLEN Reports Strong Q1 2026 Results and Recommends Record PLN 9.3 Billion Dividend

ORLEN Group ended the first quarter of 2026 with strong financial results. EBITDA LIFO reached PLN 14.1 billion, revenue amounted to PLN 75.8 billion,...

ORLEN Completes Expansion of Its Largest Solar Farm in Kleczew

ORLEN Group has completed the expansion of its photovoltaic farm in Kleczew. The largest PV installation in the company’s portfolio, and one of the...

Baltic Power Enters Key Phase as Offshore Wind Farm Construction Accelerates

The construction of the Baltic Power offshore wind farm has entered another critical phase. The investor has announced the completion of all transition pieces,...

Poland’s First Offshore Wind Farm Moves Into Final Phase

Construction of Baltic Power, Poland’s first offshore wind farm, has reached a major milestone. Installation of all 78 giant foundations (monopiles) has been completed...

ORLEN Posts Record Investments and Stable Results After Three Quarters of 2025

After the first three quarters of 2025, ORLEN Group reported the highest capital expenditure in its history while maintaining stable financial results despite a...

ORLEN Moves Closer to Its Second Offshore Wind Farm as Baltic East Secures Environmental Approval

ORLEN has taken another significant step toward building a strong offshore wind sector in Poland. The company’s Baltic East project has received an environmental...

ORLEN Neptun Completes Preliminary Seabed Surveys for Baltic East Offshore Wind Farm

For nearly four months, preliminary seismic and geotechnical seabed surveys were conducted across the planned area of the Baltic East offshore wind farm. The...

ORLEN secures PLN 3.5 billion from the EU Recovery Plan to accelerate offshore wind development

ORLEN has secured PLN 3.5 billion in financing from Poland’s National Recovery and Resilience Plan (KPO) under agreements signed with Bank Gospodarstwa Krajowego (BGK). “The...
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