Bank Gospodarstwa Krajowego, a Polish development bank, conducted a survey of companies that, due to their scale and area of operations, may be interested in building wind farms in the Baltic Sea. 9% of the surveyed have already committed to the initiative. What is the future outlook for the sector in Poland?
Poland on the wave of offshore wind energy
It is estimated that the share of offshore wind power in Poland’s total energy production could be as high as 57% in 2040. This shows how much opportunity there is for Polish entrepreneurs who choose to participate in this initiative.
“The development of Polish industry is in line with the goals of one of the programs of our business model. Current EU regulations related to sustainable development oblige us to provide and implement solutions for projects that support the development of the economy. In this case, we want to support Polish entrepreneurs who will undertake to participate in the construction of offshore wind farms” – says Marcin Terebelski, director of the Industrial Development program at BGK.
Polish companies at the forefront of change
The BGK survey shows that Polish companies are ready to engage in the construction of wind farms. About 47% of the entrepreneurs already involved believe that the current scale and scope of their business is sufficient to engage in this initiative.
Adam Piłat, a team manager for Strategic and Program Analysis at BGK, notes that“the implementation of such a complex investment may involve the need to increase employment – building new business relationships with other entities and expanding production capacity.”
Support for offshore wind energy
Polish companies are ready to support the construction of wind farms in the Baltic Sea. Nearly half of the surveyed entrepreneurs say they could participate in the production of turbines or their components, and more than 60% report a willingness to supply other parts of power plants.
The planned value of this investment project in the Baltic is around PLN 130 billion. The survey shows that the percentage of orders going to Polish entrepreneurs could reach 27% in the case of services related to the installation of offshore wind farms, and up to 74% when it comes to the production of power plant parts other than turbines.
The future of offshore wind power
The European Commission has adopted offshore wind technology as one of the pillars of its energy strategy and one of the strategic goals of the European Green Deal. According to EU forecasts, offshore wind power capacity in Europe could reach 60 GW by 2030, and 300 GW by 2050.
Poland, with its offshore wind energy potential, has the opportunity to become an important player in this growing market. The interest of Polish entrepreneurs in the initiative to build offshore wind farms is proof that they are ready to take on this challenge and contribute to the country’s energy transition.
Some of the biggest beneficiaries of offshore wind farm construction in Poland include shipbuilding, steel and metal industries. The Polish Offshore Wind Energy Society lists more than 300 Polish companies that can participate in the supply chain of farms in the Baltic Sea.
The entire report is available here.