Poland Offshore Wind Potential Opens Up Investment Opportunities
About this Report:
In August 2022, the eight countries surrounding the Baltic Sea signed the Marienborg Declaration, committing to develop 19.6 GW energy from offshore wind by 2030. Poland emerges as one of the key beneficiaries - according to government plans, up to 5.9 GW of offshore capacity is supposed to be launched by 2030. That sits next to the 14 GW of onshore wind energy planned within the same time span. Looking ahead, Poland may emerge as one of the local leaders in the field - with ambitious plans and growing know-how on wind energy development, it is set to accelerate its energy transition.
This is crucial given the recent energy price spikes, caused by Russia’s invasion of Ukraine and the pandemic. Poland was especially vulnerable given its reliance on coal-based energy generation and hard coal imports from Russia. On top of that, these events severely disrupted the supply value chain, with access to key technical components and human capital becoming more difficult.
Poland's offshore wind sector is poised for significant growth, strengthened by recent investments by key local players as well as the government’s push to develop both the wind energy production capacity and the underlying infrastructure. The development of the new offshore wind farm installation terminal in Świnoujście and the upcoming production facility for wind towers in Gdańsk, mark a pivotal shift towards expanding the country's renewable energy capabilities. These projects, coupled with Poland's commitment to increasing its offshore wind capacity, are set to position the country as a leader in the regional green energy market.
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