Oil price, Genel, Prospex. And finally…

In July 2025, Central European Petroleum made a significant oil discovery (33.4 API oil) in the 100% owned and operated Wolin East 1 (WE1) well, located in the Baltic Sea approximately 6 km offshore from the city of Świnoujście. 

The Wolin East oil discovery is estimated to contain mean recoverable oil, sales gas and natural gas liquids totalling 200 million barrels of oil equivalent (mmboe).

Poland is the largest economy in Central Europe and an important regional energy market, with a diversified economy spanning manufacturing, services, mining, chemicals, transport and increasingly renewable energy. The country has a population of approximately 37 million and is a member of the European Union, NATO, OECD and World Trade Organization. Warsaw is the capital and principal commercial and financial centre.

Poland has a long-established oil and gas industry, although domestic hydrocarbon production is relatively modest compared with national demand. The country has historically produced crude oil and natural gas from onshore fields in the Carpathian region, Carpathian Foreland, Polish Lowlands and Polish Permian Basin, together with offshore production in the Baltic Sea. ORLEN is the dominant domestic oil and gas company, operating extensive exploration, production, processing and gas-storage infrastructure.

Natural gas is particularly important to Poland’s energy security. Domestic production is supplemented by imports, with Poland having substantially diversified its gas-supply sources following the reduction of Russian pipeline imports. The country receives LNG through the Świnoujście LNG terminal and pipeline gas through connections including the Baltic Pipe, which links Poland with Norwegian gas resources via Denmark. Poland also has substantial underground gas-storage capacity, providing seasonal flexibility and additional security of supply.

Poland’s oil industry is closely integrated with its refining and petrochemical sector. ORLEN operates the country’s major refineries, including facilities at Płock and Gdańsk, while domestic crude production contributes only a small proportion of total refinery requirements. Poland therefore remains dependent on imported crude oil, although its supply network has been diversified considerably.

Poland is undergoing a major transformation of its energy system. Coal remains an important part of electricity generation, but the country is rapidly expanding onshore and offshore wind, solar photovoltaic and other renewable-energy capacity. The Baltic Sea has become a major focus for offshore wind development, with large projects being progressed by ORLEN and other international energy companies. Poland is also developing nuclear power as part of its longer-term strategy to reduce carbon emissions and diversify electricity generation.

The country’s strategic location between Western and Eastern Europe makes Poland an important energy-transit and infrastructure hub. Major gas pipelines, LNG infrastructure, oil terminals, refineries and electricity interconnections support both domestic consumption and regional energy security. Poland’s developing renewable-energy sector, established oil and gas industry and expanding electricity infrastructure make it an increasingly important market for international energy companies and service providers.

Oil & Gas Operations

Poland has a long-established oil and gas industry, with conventional crude oil and natural gas production concentrated onshore and additional offshore production in the Baltic Sea. The principal producing regions include the Carpathian Foreland and Carpathians in southern Poland, the Polish Lowlands and Permian Basin in western and central Poland, together with offshore fields in the Polish Baltic Sea. ORLEN is by far the dominant domestic upstream operator.

Natural gas
Natural gas is the most important component of Poland’s domestic upstream sector. ORLEN currently produces approximately 3.4 bcm of gas annually in Poland, equivalent to around 20% of national demand. The company’s domestic strategy is to increase production towards approximately 4 bcm/year by 2030.

ORLEN’s Polish portfolio encompasses more than 200 hydrocarbon exploration and production licences and around 50 oil and gas fields. Operations cover the Carpathians, Carpathian Foreland, Polish Lowlands, Fore-Sudetic Monocline and several petroleum provinces. At the end of 2025, ORLEN reported 552 million boe of natural-gas reserves in Poland.

Recent development activity includes the Grodzewo, Siedlemin, Trzebusz and Różańsko gas fields. Różańsko, in West Pomerania, began production in December 2025, with development linked to the existing Dębno oil and gas production facility. ORLEN also drilled 20 wells in Poland during 2025, including five exploration, six appraisal and seven production wells.

Crude oil
Poland also has a mature conventional oil industry. The historical centre of Polish petroleum production is the Carpathian region, but most current crude-oil production is concentrated in West Pomeranian, Lubusz and Greater Poland voivodeships. ORLEN’s domestic upstream infrastructure includes six crude-oil production facilities and 18 facilities producing both crude oil and natural gas.

The Barnówko–Mostno–Buszewo (BMB) area in western Poland is one of the country’s principal oil-producing areas. Domestic crude production is integrated with ORLEN’s wider refining and petrochemical business, although Poland remains heavily dependent on imported crude oil.

At the end of 2025, ORLEN reported 121.7 million boe of crude oil, condensate and NGL reserves in Poland.

Baltic Sea
Poland also has a domestic offshore oil and gas industry operated principally by ORLEN Petrobaltic. The company holds production licences for the B3 and B8 fields, producing crude oil and associated natural gas in the Polish sector of the Baltic Sea. It also holds two exploration and appraisal licences covering approximately 2,296 sq km.

ORLEN Petrobaltic operates drilling and production platforms, support vessels and an onshore logistics base at Gdańsk. Associated gas from offshore production is also utilised in Poland, including at the Władysławowo combined heat and power plant.

Renewable Energy Operations

Poland has become one of Central Europe’s fastest-growing renewable-energy markets. At the end of 2025, renewable energy sources accounted for 50.04% of Poland’s installed electricity-generating capacity, with total renewable capacity reaching 37.8 GW. Renewables generated approximately 54.7 TWh, equivalent to 31.41% of Poland’s electricity production.

Solar power
Solar photovoltaic (PV) has experienced particularly rapid expansion. Installed solar capacity increased from 3.96 GW in 2020 to approximately 24.8 GW at the end of 2025, making solar Poland’s largest renewable generating technology by installed capacity. Growth is being driven by utility-scale solar farms as well as distributed rooftop installations and commercial projects.

Onshore wind
Onshore wind is another major component of Poland’s renewable sector. Installed wind capacity reached approximately 10.55 GW at the end of 2025, up substantially from 6.4 GW in 2020. Developers are increasingly combining wind and solar generation at the same location to make more efficient use of grid connections and improve generation profiles.

Major Polish energy companies including ORLEN, PGE, Tauron and Enea are developing renewable portfolios, alongside international developers and independent power producers.

Offshore wind
The Baltic Sea represents Poland’s most significant new renewable-energy opportunity. Large offshore wind farms are being developed in the Polish exclusive economic zone, with ORLEN’s Baltic Power project being the country’s first major offshore wind farm.

Baltic Power, developed by ORLEN and Northland Power, has a planned capacity of approximately 1.2 GW. In July 2026, electricity from the project was connected to Poland’s national grid for the first time, marking the country’s first electricity production from an offshore wind farm in the Polish Baltic Sea. The completed project is expected to supply electricity equivalent to the needs of approximately 1.5 million households.

ORLEN also holds rights for five additional offshore wind locations through ORLEN Neptun, with combined potential capacity of approximately 5.2 GW. The most advanced is the approximately 1 GW Baltic East project, while the Baltic West cluster has potential capacity of approximately 4.1 GW.

PGE Baltica is another major offshore developer. PGE has a portfolio of Baltic Sea projects at different stages of development, with a combined potential exceeding 6 GW.

Hydropower and energy storage
Hydropower is a smaller component of Poland’s renewable sector but remains important for system flexibility. PGE operates conventional and pumped-storage hydroelectric facilities. Its renewable portfolio includes 21 wind farms, 49 photovoltaic plants, 29 run-of-river hydroelectric plants and four pumped-storage plants.

Battery energy storage is also becoming increasingly important as wind and solar capacity expands. ORLEN plans to establish a substantial battery energy-storage system (BESS) business, targeting approximately 0.8 GW by 2030 and 1.4 GW by 2035.

Oil and Gas Companies

Central European Petroleum

Central European Petroleum (CEP) is a Canadian exploration and production company focused in Europe. Its Polish subsidiary, CEP Central European Petroleum Sp. z o.o., is the operator of the Wolin concession.

The Wolin concession covers approximately 593 km² onshore and offshore in northwestern Poland, along the Baltic coast and close to the Polish-German border, around 50 km north of Szczecin. CEP was awarded the concession in December 2017.

Exploration: CEP has conducted extensive seismic work, including a 2D onshore survey in 2018 and an OBN-based 3D offshore survey in 2019. The company is targeting hydrocarbons in the Main Dolomite (Ca2) and deeper Rotliegend formations.

Wolin East-1: CEP drilled the Wolin East 1 (WE1) exploration well in 2025. The well reached a vertical depth of approximately 2,715 metres and encountered a 62-metre hydrocarbon column in the Main Dolomite. CEP subsequently announced a significant oil discovery, with the oil reported at 33.4° API.

CEP’s July 2025 announcement estimated mean recoverable resources from the Wolin East discovery at approximately 200 million barrels of oil equivalent, including oil, sales gas and natural gas liquids. CEP also estimated that the wider Wolin licence could contain more than 400 mmboe of recoverable hydrocarbon resources when additional exploration, appraisal and secondary-recovery opportunities are included. These are company estimates and remain subject to further appraisal and development.

Gemini Resources

Gemini Resources is a privately held British independent oil and gas company focused on exploration and development in onshore Poland, principally in the Permian Basin of western Poland. Its strategy combines near-term gas development with longer-term conventional and unconventional oil and gas exploration.

Gemini’s principal development asset is the Rawicz gas field, which it describes as a 94 Bcf 2P gas field with potential for near-term development and production. The company is seeking to develop Rawicz as an independent Polish gas producer, with existing infrastructure providing access to the domestic gas market.

Through its wholly owned subsidiary Góra Energy Sp. z o.o., Gemini holds a 693 sq km licence in western Poland. The licence contains conventional Rotliegend gas prospects and a large Carboniferous tight-gas play. The Siciny-2 well encountered a substantial tight-gas interval, and Gemini is targeting a potentially multi-Tcf resource. The company states that it has 100% working interest, subject to a 5% net profits interest.

Through Liesa Energy Sp. z o.o., Gemini holds the 1,165 sq km Nowa Sol licence. The licence contains 28 conventional oil prospects and a large tight-oil play in the Zechstein Dolomite. Gemini cites independent estimates of approximately 36 MMbbl of 2C oil resources, together with 540,000 barrels of 2P oil reserves in conventional oil fields.

Gemini also identifies the Siekierki gas field as an important Polish asset, describing it as a large Rotliegend gas discovery with an estimated 2.3 Tcf GIIP (Pmean). The company views Siekierki alongside Rawicz as part of its portfolio of projects with potential for relatively near-term gas development.

Gemini owns 100% of Rawicz Energy, Góra Energy, Liesa Energy and Energia Zachod, covering its Polish assets.

Horizon Petroleum

Horizon Petroleum is focused on the appraisal and development of natural gas resources in Europe. Its principal assets are two 100%-owned concessions in southern Poland, covering more than 1,100 sq km in the Carpathian Foreland Basin.

The Bielsko-Biała Concession is Horizon’s principal Polish asset and contains the Lachowice natural gas field, a large undeveloped accumulation in naturally fractured Devonian carbonate reservoirs at depths of approximately 2,700–4,000 metres. Horizon reported 34 Bcf of 2P reserves and 163 Bcf of 2C contingent resources for Lachowice in its January 2025 reserve and resource report.

The company is advancing the Lachowice 7 (L7) well as the first stage of field development. During 2026 Horizon completed the L7 workover and moved into production testing. The programme involved re-entering the existing well, removing completion equipment, re-perforating the Devonian carbonate reservoir and carrying out acid stimulation before testing production potential.

The longer-term Lachowice development is planned to include approximately 75 km² of 3D seismic, additional development wells and gas-processing infrastructure. Horizon has indicated potential production of more than 40 MMcf/d from the full-field development.

The Cieszyn concession lies in the Carpathian Foreland Basin and contains prospective shallow Miocene sandstone reservoirs, with potential for conventional gas accumulations. Horizon also sees deeper exploration potential in Devonian and Carboniferous reservoirs analogous to those at Lachowice.

ORLEN

ORLEN is Poland’s leading integrated oil and gas company and the country’s largest domestic producer of natural gas. Its Polish upstream business covers exploration, appraisal, drilling, development, production, processing and storage of crude oil and natural gas, with operations extending across the Carpathians, Carpathian Foreland, Polish Lowlands, Fore-Sudetic Monocline and other petroleum provinces. At the end of 2025, ORLEN held 41 Polish hydrocarbon licences covering exploration, appraisal and production.

Natural gas is the main component of ORLEN’s domestic upstream portfolio. The company produces approximately 3.5 bcm of natural gas annually from Polish resources, supplying around one-fifth of Poland’s gas requirements. ORLEN’s strategy is to increase domestic gas production towards approximately 4 bcm per year by 2030, helping reduce reliance on imported supplies.

ORLEN operates a large conventional onshore portfolio through its ORLEN Upstream Polska business. The company manages more than 200 hydrocarbon exploration and production licences and around 50 oil and gas fields across Poland. Its principal operating areas are divided between the Sanok region in south-eastern Poland and the Zielona Góra region in western Poland.

The Sanok operations are centred on the Carpathian and Carpathian Foreland regions and are predominantly gas-focused. ORLEN operates numerous producing wells and associated gathering and processing infrastructure in south-eastern Poland. The region has a long history of oil and gas production, with ORLEN continuing to develop new discoveries while maintaining output from mature fields.

The Zielona Góra operations cover western and northern Poland and include significant gas and crude-oil production. Major producing areas include Dębno, Gorzów Wielkopolski–Drezdenko, Grodzisk and Ostrów Wielkopolski. Western Poland is particularly important for crude-oil production, with the Barnówko–Mostno–Buszewo (BMB) area among the country’s principal oil-producing areas. ORLEN’s domestic crude oil is used as feedstock within its wider refining and petrochemical system.

ORLEN continues to bring new Polish gas fields into production. The Różańsko field in West Pomerania commenced production in December 2025 and has estimated reserves of approximately 1.2 bcm. Development is linked to expansion of the Dębno oil and gas facility, allowing production from Różańsko and other nearby fields to be increased. ORLEN also continued development of the Grodzewo field in the Poznań region, which has estimated reserves of approximately 1.3 bcm and is expected to produce for around 18 years.

At the end of 2025, ORLEN reported Polish reserves of approximately 552 million boe of natural gas and 121.7 million boe of crude oil, condensate and NGLs. Exploration and appraisal activity is continuing across the Carpathians, Carpathian Foreland, Fore-Sudetic Monocline, Polish Lowlands and the Kraków, Gdańsk and Poznań oil provinces.

ORLEN’s domestic upstream operations also include substantial gas-processing and underground-storage infrastructure. Gas-storage facilities provide seasonal flexibility and support the security of Poland’s gas supply, while processing facilities enable gas from different fields to be treated to the required specification before entering the national gas network.

Renewable Energy Companies

ACCIONA

ACCIONA Energía is an established renewable-energy operator in Poland, with more than 15 years of activity and a portfolio centred on onshore wind. Its Polish assets include the Golice, Krobia I and Poniec II wind farms, while the company also supplies renewable electricity to corporate customers through PPAs and virtual PPAs. Poland remains part of ACCIONA Energía’s international renewable-generation portfolio and provides opportunities for further development in wind, solar and other clean-energy technologies.

The Polish portfolio includes Golice (38 MW), Krobia I (63 MW) and Poniec II (30 MW), although the portfolio figures reported by ACCIONA reflect changes in ownership and consolidation over time. Poniec II, located in Greater Poland (Wielkopolskie), was ACCIONA’s third wind farm in Poland and brought the company’s installed Polish wind capacity above 100 MW. The 30 MW project comprises ten 3 MW turbines and was designed to generate approximately 82 GWh of electricity annually.

Offshore, ORLEN’s subsidiary ORLEN Petrobaltic operates oil and associated gas production in the Polish sector of the Baltic Sea. Its producing assets include the B3 and B8 fields, while the company also holds two exploration and appraisal concessions covering approximately 2,296 sq km of Polish maritime territory. ORLEN Petrobaltic has drilling and production platforms, support vessels and onshore logistics infrastructure.

ORLEN is consolidating its domestic exploration, production and storage assets within ORLEN Upstream Polska to create a more integrated Polish upstream operation. The company views domestic oil and gas production as an important element of Poland’s energy security while the country continues its transition towards lower-carbon energy sources.

Akuo Energy

Akuo Energy entered the Polish market as part of its expansion across Central and Eastern Europe, focusing primarily on onshore wind power. The company develops, finances, constructs and operates renewable-energy projects and works with local authorities, communities and corporate energy customers.

Akuo operates three onshore wind farms in Poland, developed in partnership with sustainable-investment manager Mirova. The three projects were commissioned in 2021 and collectively generate sufficient electricity to meet the needs of approximately 200,000 Polish households, while avoiding around 300,000 tonnes of CO₂ emissions annually.

The largest asset is the Wielowieś wind farm in Silesia, in southern Poland. The project has installed capacity of 66 MW, comprising 20 Vestas turbines rated at 3.3 MW each. Akuo and Mirova financed the project, which began supplying electricity to the Polish grid in 2021. Wielowieś is expected to produce approximately 220 GWh of renewable electricity per year. In September 2024, Akuo signed a power purchase agreement (PPA) with Axpo Polska covering the electricity generated by the wind farm.

Akuo’s other Polish wind projects are located in Pomerania. The Gniew wind farm has an installed capacity of 22 MW, generated by 11 turbines, and forms part of the same 132 MW portfolio. Akuo’s current project portfolio also identifies EP44, another Pomeranian wind project, with installed capacity of 44 MW. Both projects are in operation.

EDP Renewables

EDP Renewables (EDPR) entered the Polish renewable-energy market in 2008 and has become one of the country’s leading renewable-energy developers, with activities focused on onshore wind, solar PV, hybrid projects and energy storage. EDP says it has built close to 1.2 GW of renewable capacity in Poland, comprising approximately 0.9 GW of onshore wind and 0.3 GW of large-scale solar. It currently operates more than 0.5 GW of wind capacity across 14 wind farms, while its wider portfolio of new projects amounts to several gigawatts.

A landmark project is the 120 MW Margonin wind farm in Greater Poland, EDP’s first large-scale renewable development in Poland. The 60-turbine facility has generated almost 4,000 GWh of electricity since entering operation. EDPR has also developed the Konary wind-solar hybrid project, combining a 79.5 MW wind farm with a 45 MWp solar installation. Commissioned in 2023, the 124.5 MW hybrid facility was Poland’s first project combining wind and solar generation using shared grid infrastructure.

EDPR is continuing to develop solar and hybrid projects, including a 322 MW portfolio covered by a long-term PPA with Energa, expected to provide around 600 GWh of renewable electricity annually. The company is also developing projects incorporating battery storage. Through Ocean Winds, in which EDPR owns 50%, EDP is involved in the development of offshore wind opportunities in Poland.

EDP Renewables has recently sold part of its Polish portfolio to PPC, while continuing to develop and operate a substantial renewable-energy business in Poland.

Enefit Green

Enefit Green, part of Estonia’s state-owned Eesti Energia group, has developed a growing renewable-energy business in Poland, initially focused on solar PV and more recently expanding into onshore wind. In May 2026, Eesti Energia integrated Enefit Green’s Polish renewable-generation activities into Enefit, bringing renewable generation, energy sales and customer solutions under a single Polish organisation.

Enefit Green entered the Polish renewable market in 2019 through the acquisition of solar projects. By 2026 its Polish portfolio comprised 21 operating solar farms with a combined capacity of approximately 33 MW. The company subsequently expanded this portfolio with the 45 MW Strzałkowo solar farm in central Poland, which was commissioned in August 2026. Strzałkowo is Enefit’s largest renewable investment in Poland and is expected to generate around 45 GWh of electricity annually, enough to supply approximately 22,000 households. The project has a 15-year Contract for Difference covering 75% of expected production.

Following the commissioning of Strzałkowo, Enefit reports 78 MW of renewable-generation capacity in Poland. The portfolio combines solar generation with the company’s developing wind business. Enefit Green has been working with RES Global Investment on eight early-stage onshore wind projects across Poland with a combined planned capacity of up to 360 MW. The projects were acquired/developed as part of the company’s strategy to establish a larger Polish wind portfolio.

Enefit’s Polish renewable strategy extends beyond electricity generation to include energy trading, corporate supply and integrated energy solutions. The company serves more than 2,000 business customers in Poland and can combine renewable generation with electricity supply and other energy services. The integration of Enefit Green’s generation activities into Enefit from May 2026 is intended to strengthen this integrated model.

Equinor New Energy Solutions (NES)

Equinor’s New Energy Solutions (NES) business has established a significant renewable-energy platform in Poland, covering offshore wind, onshore wind, solar PV and battery energy storage. Equinor’s Polish renewable activities are conducted through its offshore partnerships with Polenergia and through Wento, its wholly owned Polish onshore-renewables subsidiary.

The company’s flagship Polish renewable investment is the Bałtyk offshore wind development, being developed jointly with Polenergia. The Bałtyk 2 and Bałtyk 3 projects have a combined capacity of approximately 1.44 GW and are currently under construction. Equinor and Polenergia each hold a 50% interest, with Equinor responsible for operating the projects through development, construction and operations. Financial close was achieved in 2025, with the projects forming one of Poland’s largest offshore wind developments.

Equinor and Polenergia are also developing Bałtyk 1, a separate offshore wind project with potential capacity of up to 1.56 GW. Collectively, the three Bałtyk projects could provide approximately 3 GW of offshore wind capacity, making them a major component of Poland’s emerging Baltic Sea wind industry. Equinor is also constructing an operations and maintenance base at Łeba on Poland’s Baltic coast to support the projects and establish long-term local operating capability.

Through Wento, acquired by Equinor in 2021, NES has developed a multi-technology Polish portfolio. Wento operates approximately 200 MW of renewable capacity comprising three solar plants — Stępień (58 MW), Zagórzyca (60 MW) and Lipno (53 MW) — together with the 26 MW Wilko onshore wind farm. Wento is also constructing the 20 MW Miłosław solar project and an 8 MW/16 MWh battery energy storage facility at Zawiercie. Its Polish development pipeline exceeds 3 GW, including additional solar, onshore wind and battery-storage opportunities.

EGR

ERG is an Italian independent renewable-energy producer with an established presence in Poland focused on onshore wind power. Poland is one of ERG’s international renewable-energy markets, with the company having developed and acquired a portfolio of wind farms across the country. ERG reported 142 MW of installed wind capacity in Poland in 2024.

ERG’s Polish portfolio includes the Słupia, Szydłowo, Radziejów, Piotrków Kujawski and Laszki wind farms. The 24.5 MW Piotrków wind farm, located in north-central Poland, entered operation in 2022 and is expected to generate approximately 76 GWh of electricity annually. The 36 MW Laszki wind farm, in south-eastern Poland near Jarosław, comprises 18 Vestas turbines and produces approximately 90 GWh annually. It also entered commercial operation in 2022.

ERG continues to use long-term power purchase agreements (PPAs) to secure revenues from its Polish wind portfolio. In September 2026, the company signed a five-year PPA with Glencore Energy Europe covering electricity from the Radziejów, Słupia and Szydłowo wind farms. Beginning in January 2027, the agreement covers approximately 164 GWh of renewable electricity annually, representing around 70% of the three farms’ expected output, or approximately 820 GWh over five years.

ERG’s Polish strategy forms part of its broader European expansion in renewable generation. The company is primarily focused on wind and solar power, together with the development and optimisation of renewable assets. Its Polish activities have historically been concentrated on onshore wind rather than solar, with investments including greenfield development, acquisitions and portfolio optimisation.

Iberdrola

Iberdrola has established a growing renewable-energy business in Poland through Iberdrola Renewables Polska, headquartered in Warsaw. Its activities focus on onshore wind power, solar PV and battery energy storage (BESS). At year-end 2025, Iberdrola had five operational onshore wind farms with total installed capacity of 212.8 MW, producing approximately 559 GWh of electricity annually.

A key recent addition is the 50.4 MW Korytnica II wind farm in the Mazowieckie region, approximately 80 km from Warsaw. The project comprises 14 Vestas turbines and forms part of Iberdrola’s expansion of its Polish wind portfolio. Other operating assets include the Podlasek wind farm, which supplies renewable electricity to T-Mobile under a long-term PPA, and Korytnica II, which supplies clean energy to Statkraft.

Iberdrola is also developing a substantial battery-storage portfolio in Poland. Its BESS development pipeline is approximately 1 GW, spread across Mazovia, Greater Poland, Lower Silesia, Kuyavian-Pomeranian, Opole and Warmian-Masurian voivodeships. In December 2025, three projects — Pniewnik 1 (48 MW), Pniewnik 2 (32 MW) and Ząbkowice (80 MW) — received €44 million (PLN 186 million) of funding from Poland’s National Fund for Environmental Protection and Water Management. Together they represent 160 MW / 640 MWh of storage capacity.

Iberdrola has also been expanding its Polish development pipeline through acquisitions and new projects covering wind and solar generation. The company’s strategy is increasingly centred on combining renewable generation with energy storage to provide more flexible electricity supply and support Poland’s transition towards a lower-carbon power system.

Ocean Winds

Ocean Winds (OW) is a 50:50 offshore wind joint venture between EDP Renewables and ENGIE, established in 2020. In Poland, the company is developing the BC-Wind offshore wind project in the Baltic Sea, its first Polish offshore wind development. OW is the exclusive owner of BC-Wind and holds rights covering two adjacent offshore sites in Poland’s Exclusive Economic Zone.

BC-Wind is located approximately 23 km north of the Polish coast, offshore from the municipalities of Krokowa and Choczewo in Pomeranian Voivodeship. The project has planned capacity of up to 390 MW, comprising 26 Siemens Gamesa turbines, each rated at 14 MW with a Power Boost capability to 15 MW. Once operational, the wind farm is expected to generate sufficient electricity for approximately 488,000 Polish households. First power is targeted for 2028.

The project reached financial close in December 2025, securing approximately €2 billion of project financing, including support from the European Investment Bank and commercial lenders. Construction activity is scheduled to progress during 2026, including the onshore substation and export cable route. OW is also establishing a dedicated operations and maintenance base at Władysławowo on the Polish Baltic coast.

BC-Wind is designed to have a significant Polish supply-chain component. Świnoujście will serve as the marshalling harbour for foundations, while Gdańsk will support wind-turbine logistics. Polish companies including Tele-Fonika Kable and P&Q are involved in the project’s export-cable and onshore infrastructure works. OW has also been engaging with local fishing communities and Polish offshore-wind suppliers to develop local employment and industrial capability.

Ørsted

Ørsted has a major presence in Poland’s emerging offshore wind sector. The company has been active in the country since 1990 and, through its Polish organisation, is developing offshore wind projects in partnership with PGE Polska Grupa Energetyczna. Ørsted’s principal Polish activities are concentrated on the Baltic Sea, supported by a growing local engineering, construction, operations and supply-chain organisation. The company employs more than 600 people in Poland.

The flagship development is Baltica 2, a 1.5 GW offshore wind farm located approximately 40 km off the Polish coast near Ustka. Ørsted and PGE each hold a 50% interest. The project comprises 107 Siemens Gamesa 14 MW turbines and is expected to generate approximately 5–6 TWh of electricity annually, equivalent to the consumption of around 2.5 million Polish households. Final investment decision was taken in January 2025, and offshore construction began in May 2026 with the installation of the first foundations. Commercial operation is targeted for 2027.

Ørsted and PGE are also developing Baltica 3, a separate offshore wind project with a planned capacity of approximately 1.25 GW. The project has been awarded and Ørsted holds a 50% interest, but it remains pending final investment decision. Ørsted’s current offshore portfolio therefore represents approximately 2.75 GW of Polish offshore wind capacity, with Baltica 2 under construction and Baltica 3 awaiting FID.

Polenergia

Polenergia is Poland’s largest privately owned energy group and a major domestic renewable-energy developer, with activities spanning onshore wind, solar PV, offshore wind, energy storage, electricity trading and renewable-energy supply. As of 2026, its operational renewable portfolio comprises 13 wind farms and seven solar farms, with combined capacity of more than 640 MW. These assets generated 634 GWh of electricity during the first half of 2026.

Polenergia’s onshore portfolio includes wind farms across Poland, while its solar business has expanded rapidly. The company commissioned the 67 MWp Szprotawa photovoltaic farm in 2025 and completed construction of the 35 MW Rajkowy solar farm in Pomerania in 2026, with commercial operation expected in the fourth quarter. Polenergia also has approximately 1.9 GW of wind and solar projects at different development stages, alongside around 700 MW of planned large-scale battery storage.

The company’s flagship investment is its offshore wind partnership with Equinor. Bałtyk 2 and Bałtyk 3, each with 720 MW capacity, have a combined capacity of 1.44 GW and are under construction in the Baltic Sea. Offshore foundation installation began in 2026, with first electricity expected in 2027 and full commercial operation scheduled for 2028. The projects are expected to generate approximately 5–5.5 TWh annually and supply renewable electricity to more than two million Polish households.

Polenergia and Equinor are also developing Bałtyk 1, a 1.56 GW offshore wind project located approximately 80 km offshore. Bałtyk 1 secured a 25-year contract for electricity following Poland’s second offshore-wind auction, strengthening its position in Polenergia’s longer-term development portfolio. Together, the three Baltic projects represent approximately 3 GW of offshore wind capacity.

RWE Renewables

RWE Renewables has been active in Poland since 2007 and is one of the country’s established renewable-energy developers and operators. Its Polish business focuses primarily on onshore wind and solar PV, with activities covering project development, construction, ownership and operation. RWE currently operates more than 540 MW of onshore wind capacity and more than 120 MW of solar capacity in Poland, supported by a development pipeline of further renewable projects.

RWE has developed 20 onshore wind farms in Poland, with examples including the 48 MW Żnin project in Kujawsko-Pomorskie, the 16.8 MW Rozdrażew project in Greater Poland and the Nawrocko wind farm near Szczecin. The company continues to seek additional sites for onshore wind development throughout Poland.

Solar power has become an increasingly important part of RWE’s Polish portfolio. In 2025, the company reported 91 MWac of operational solar capacity and more than 100 MWac under construction, while 31 additional solar projects with a combined capacity of 102 MWdc/84 MWac were successful in Poland’s renewable-energy auction. The 24 MWac Borek solar project in Lubuskie, comprising three solar farms and around 40,000 panels, was another major addition to RWE’s Polish solar programme.

RWE previously developed the 350 MW F.E.W. Baltic II offshore wind project in the Polish Baltic Sea, approximately 50 km north of Ustka. However, the project was sold to PGE in March 2026, together with an environmental decision for the adjacent 44.E.1 site. RWE therefore no longer has this offshore project in its Polish portfolio and is concentrating its Polish renewables activities on onshore wind and solar.

wpd

wpd entered the Polish market in 2002 and has developed a portfolio focused primarily on onshore wind power, with activities covering project development, construction, financing and operation. Poland is one of wpd’s established European markets.

wpd has developed and operated a number of Polish onshore wind projects, including the Tychowo wind farm in West Pomerania and projects in northern and central Poland. Its Polish activities have historically concentrated on areas with strong wind resources, particularly West Pomeranian, Pomeranian, Greater Poland and Kuyavian-Pomeranian voivodeships.

The company has also expanded its Polish development activities beyond traditional onshore wind, investigating solar PV and hybrid renewable-energy projects alongside its wind portfolio. wpd’s approach is generally based on developing projects from an early stage through permitting and construction before retaining or selling operational assets, depending on its investment strategy.

wpd operates in Poland through wpd Polska, with its Polish headquarters in Warsaw. The company has worked with local landowners, municipalities and grid operators to develop renewable projects and has been involved in the Polish market for more than two decades.