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Polish Baltic Power wind farm to use low-carbon steel
Source:wgospodarce.pl From:Taiwan Trade Center, Warsaw Update Time:2024/02/20
Polish
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Polish oil refiner Orlen is pursuing a project with Canada's Northland Power. The project involves the construction of an offshore wind farm called Baltic Power, which will be the first in the world to be built using low-carbon steel, produced almost exclusively from recycled raw material in smelter furnaces that are powered by renewable energy, according to the Multinational.

Baltic Power is expected to generate about 4,000 GWh of zero-emission electricity per year. This, in turn, will avoid the emission of some 2.8 million tons of CO2. Orlen said preparations for the construction of the foundations will begin as early as this year. 

"The Baltic Power farm will start production in 2026 and will be able to power more than 1.5 million households," the company said in a statement. The farm, with a capacity of nearly 1.2 GW, will be located 23 km from the Baltic coast.

Total costs for the Baltic Power project are estimated at around 4.37 billion euros.

The Polish company also said that work is already underway on an onshore substation that will enable the reception of energy from the sea. Additional emission reductions during Baltic Power's construction will be made possible by the use of sustainably produced steel for the components of the towers on which the rotor nacelles will be mounted. 

"Baltic Power, as the first offshore wind farm in Polish Baltic waters, opens a new chapter in Poland's energy transition and raises the bar on sustainability," said Northland Power CEO Mike Crawley.

The Baltic Power project is financed under the Project Finance formula. Loan agreements total about 4.4 billion euros with 25 Polish and international financial institutions involved. According to Orlen, this is the largest financing raised for a single investment in the history of Poland, and one of the largest transactions of its kind in the offshore wind area in Europe.

Source: https://wgospodarce.pl/informacje/137271-baltic-power-w-rewolucyjnej-technologii-szczegoly-projektu