We have signed a contract with PGE Baltica, a PGE Group company, for the conceptual design for the Baltica 1 Offshore Wind Farm.

The scope of the conceptual design includes electrical analyses, including steady-state and fault power flow, short-circuit analyses or preliminary harmonic analyses, among others. At the same time, cost and reliability analyses, among others, will be performed. The resulting documentation will be used for further design work on power output from the Baltica 1 offshore wind farm.

The PGE Group's Offshore Program calls for the construction of the Baltica Offshore Wind Farm, implemented in two phases - Baltica 2 and Baltica 3, with a total installed capacity of up to 2.5 GW by 2030. These projects are being developed jointly with Ørsted. Then, after 2030, the Baltica 1 Wind Power Plant, with a capacity of about 0.9 GW, will join the Group's portfolio. The Baltica 1 OWF project, with a capacity of about 0.9 GW, is one of three projects currently under construction by the PGE Group in the Baltic Sea, located about 80 km from the coastline, roughly at the level of the town of Leba in the Pomeranian Voivodeship. Among other things, the project already has a location permit and connection agreement in place, with the first full year of wind, sea current and wave tests behind it. The Baltica 1 offshore wind farm will be commissioned after 2030.