Norway's Equinor completed the acquisition of a 50% interest in the offshore wind development project Baltyk I in Poland from Polenergia on Tuesday.

The Baltyk I offshore location license allows for a development of a wind farm with a capacity up to 1,560 megawatts of which Equinor will hold 50%.

Equinor will be the manager for the construction preparation and the potential construction and operational phases.

In 2018, Equinor acquired a 50% interest in the offshore wind development projects Baltyk II and Baltyk III, which have a combined planned capacity of 1,440 megawatts with the potential to power more than two million Polish households.

Later that year, Equinor decided to exercise an option to acquire a 50% interest in the Baltyk I offshore wind development project.

By Murat Temizer

Anadolu Agency

energy@aa.com.tr