PGE Baltica

What PGE Baltica does

PGE Baltica Sp. z o.o. is a Polish offshore wind project developer and wholly-owned subsidiary of PGE Polska Grupa Energetyczna S.A., Poland's largest energy utility, established in January 2019 to serve as the PGE Group's dedicated competency center for the preparation, construction, and operation of offshore wind farms in the Baltic Sea. The company is currently developing a portfolio of eight offshore wind projects with combined capacity exceeding 6 GW; the flagship is Baltica 2, a 1,498 MW project comprising 107 turbines of 14 MW each on monopile foundations, covering approximately 190 km² in the Polish sector of the Baltic Sea between Ustka and Choczewo, being jointly developed with Ørsted and targeted for commissioning in 2027. Supporting infrastructure includes a >2.3 hectare Operations & Maintenance base at Ustka (Q4 2026 handover), over 150 km of completed internal-array submarine cable routes, and a local-content supply chain with >75% of secondary steel structures sourced from Polish factories.

PGE Baltica generates revenue from the development, construction, and operation of offshore wind farms, with electricity delivered to the Krajowy System Elektroenergetyczny (National Power System) via onshore transformer stations and monetized through wholesale electricity sales and long-term power purchase agreements. The company operates in a project-developer model rather than a consumer-product model: its principal direct customer is the national grid operator, with end consumers (approximately 2.4 million households plus public institutions such as hospitals, schools, and offices) representing the downstream demand being served. Financing of Baltica 2 includes a PLN 5.5 billion grant from Poland's Krajowy Plan Odbudowy (National Recovery Plan). As of the input data, PGE Baltica remains pre-revenue because Baltica 2 has not yet been commissioned; its go-to-market is enterprise-scale infrastructure development targeting government institutions, the national grid, energy distributors, and industrial consumers, with project financing sourced from a mix of EU recovery funds and private investment.

Name

PGE Baltica

Legal name

PGE Baltica Sp. z o.o.

Website

https://pgebaltica.pl

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

PGE Baltica is a Polish offshore wind project developer and wholly-owned subsidiary of PGE Polska Grupa Energetyczna S.A., building an 8-project / 6+ GW portfolio in the Baltic Sea. Its flagship Baltica 2 (1,498 MW) is jointly developed with Ørsted and targeted for 2027 commissioning to supply Poland's national grid.

Ownership category

akta.pro rank

NAICS

Wind Electric Power Generation (221115)

akta.pro primary industry

Offshore Wind Project Development & Leasing (EUAMACAB)

akta.pro secondary industries

Offshore Wind Power Generation (Fixed-Bottom) (EUACAFAB), Wind Turbine Installation & Commissioning (Cranes, Vessels, Jack-ups) (EUAMACAG), Wind Grid Interconnection & Power Systems (Transformers, Reactive Power, SCADA) (EUAMACAK)

Keywords

• Offshore wind development
• Wind farm construction
• Renewable energy generation
• Offshore wind projects
• Green electricity supply

Headquarters

HQ city

Warszawa, Województwo Mazowieckie

HQ country

Poland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Offshore Wind Energy Generation and Sale: PGE Baltica generates revenue through the development, construction, and operation of offshore wind farms that produce electricity sold to the national power grid. The energy is delivered to the Krajowy System Elektroenergetyczny (National Power System) via onshore transformer stations. Revenue is derived from long-term power purchase agreements and wholesale electricity sales.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

PGE Baltica develops, constructs, and operates large-scale offshore wind farms in the Polish Baltic Sea, generating green electricity that is sold to the national power grid. Its flagship project is the 1,498 MW Baltica 2 wind farm (107 × 14 MW turbines), being built with Ørsted and expected to power approximately 2.4 million households upon commissioning in 2027. The company also operates an O&M base in Ustka and manages a portfolio of 8 offshore wind projects totaling more than 6 GW of capacity.

Product overview

PGE Baltica operates as a portfolio of offshore wind farm projects and related infrastructure services. The company's main offerings include the Baltica 2 offshore wind farm (1498 MW) and the O&M base in Ustka, which provides operational support for offshore wind installations. PGE Baltica manages 8 projects on the Baltic Sea with combined capacity exceeding 6 GW, developed in partnership with Ørsted.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Baltica 2 will power approximately 2.4 million households with green energy
• +2 more outcomes

Named customers3 records

Segments2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered supporting and core.

• Urząd Marszałkowski Województwa Pomorskiego (Marshal's Office of Pomeranian Voivodeship)supportingStrategic or Co-development Partner · 29 June 2026Joint organizer of supplier workshops for the energy sector, including offshore wind and nuclear power supply chains. The partnership aims to develop the domestic supplier base and local content for offshore wind projects in the Pomeranian region.
• Polskie Elektrownie Jądrowe (PEJ) (Polish Nuclear Power Plants)supportingStrategic or Co-development Partner · 29 June 2026Co-organizer of supplier workshops for the energy sector alongside PGE Baltica and the Marshal's Office of Pomeranian Voivodeship. PEJ develops nuclear power projects in Poland and shares the supplier engagement platform with offshore wind developers to develop the broader energy sector supply chain.
• ØrstedcoreStrategic or Co-development PartnerØrsted is a joint development partner with PGE Baltica for the Baltica 2 offshore wind farm project. Ørsted, as a world-leading offshore wind developer, brings expertise in development, construction, and operation of offshore wind farms. The partnership leverages Ørsted's global experience in large-scale offshore wind projects combined with PGE's local market knowledge and regulatory relationships in Poland.
• PGE Polska Grupa Energetyczna S.A.coreOthersPGE Baltica is a wholly-owned subsidiary of PGE Polska Grupa Energetyczna S.A., Poland's largest energy group. PGE Baltica serves as the offshore wind competency center for the PGE Group, responsible for preparation, construction, and operation of offshore wind farms. The company operates under the PGE Group's umbrella and benefits from the parent company's resources, relationships, and financial backing.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Polenergia: Polenergia is one of Poland's largest private renewable energy developers and is developing its own offshore wind projects in the Polish Baltic Sea via joint ventures with Equinor. It competes directly with PGE Baltica for seabed leases, supply-chain contracts, and grid access in the same water basin.
• Equinor: Equinor is a Norwegian-based international offshore wind developer and is partnering with Polenergia on competing Polish Baltic Sea offshore wind projects. It overlaps with PGE Baltica's project development, financing, and grid-integration playbook.
• Ørsted: Ørsted is a global leader in offshore wind development and PGE Baltica's joint development partner on Baltica 2. While Ørsted is Danish-headquartered, it participates as a direct offshore wind project developer and operator sharing the same regulatory, turbine, and grid-interconnection playbook that PGE Baltica employs.
• RWE Offshore Wind: RWE is a leading European offshore wind developer with a sizable pipeline across the North Sea and Baltic Sea. It competes with PGE Baltica for Polish seabed leases, EU financing, and the same pool of installation vessels and supply-chain partners.

Broad incumbents

• EDF Renewables: EDF Renewables is the renewable arm of French utility EDF, with French and international offshore wind projects. It serves as a broad-incumbent comparable for utility-backed offshore wind project development and operations.
• Vattenfall: Vattenfall is a Swedish state-owned utility with significant offshore wind operations in the UK, Germany, Netherlands, and Denmark. While not currently active in Poland, it is a comparable broad incumbent utility developing offshore wind assets in the broader Baltic/North Sea region.
• Iberdrola / Avangrid: Iberdrola is a major Spanish-headquartered utility with renewable energy development across Europe (including offshore wind exposure via its broader portfolio). It serves as a broad-incumbent comparable for large utility-led offshore wind business models.

Regional players

• Baltic Wind: Baltic Wind is a Polish offshore wind developer focused on projects in the Polish Baltic Sea. As a regional competitor pursuing similar seabed leases and grid connections, it is a closer geographic peer for project-competition analysis.

Emerging players

• Vestas Offshore: Vestas is a leading wind turbine OEM with significant offshore wind capability. Although it is upstream to PGE Baltica as a turbine supplier rather than a direct developer, it is an important comparable for the underlying technology stack of large-scale 14 MW offshore turbines.
• Siemens Gamesa (Siemens Energy): Siemens Gamesa / Siemens Energy is one of the world's leading offshore wind turbine manufacturers. It is a technology-side peer relevant to PGE Baltica's 14 MW turbine selection and integration, even though it does not directly compete as a project developer in Poland.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pge-baltica

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PGE Baltica