Daniel Obajtek, the CEO of Polish energy group Orlen, said that as part of its development, the company will invest in renewable energy, allowing it to become independent from fossil fuels. – Among other things, we intend to enter the upcoming auction for a 700 MW offshore wind farm concession in the Lithuanian part of the Baltic Sea, he announced on Twitter.
ORLEN Group invests in assets in Lithuania, strengthening the market position of ORLEN Lietuva. It is a strategic company that operates the only refinery in the Baltic region, now already processing 100% of its crude oil from outside the eastern direction. Daniel Obajtek, President of the PKN ORLEN Management Board, during his meeting with Ingrida Šimonytė, Prime Minister of the Republic of Lithuania, presented the main strategic objectives. As we read in the company’s press release, the talks concerned, among other things, further development of Mažeikiai refinery and planned investments in wind energy, hydrogen, and small nuclear energy.
– We are preparing to make investment decisions on the implementation of regionally important energy projects in Lithuania. We are in constant contact with the Lithuanian side. Energy is another area for cooperation, as energy security is a priority for both Lithuania and Poland, says Daniel Obajtek, President of the PKN ORLEN Management Board.
The company is already investing in onshore and offshore wind farms in Poland. Lithuania is also preparing to invest in offshore. ORLEN Group, intends to participate in the upcoming auction for a concession for offshore wind farms with a capacity of 700 MW on the Lithuanian part of the Baltic Sea. The company also analyzes the possibility of investing in onshore wind farms that would be located near the Mažeikiai refinery.
The plans for wind energy development in Lithuania also include the possibility of investing in green hydrogen production. The company also recognizes the potential for development of small nuclear power plants, which it presented to the Lithuanian side.