Global Infrastructure SherpaRWE completes sale of 350MW Baltic 2 offshore wind project to PGE
350 MW
Capacity
development
Stage
FEW Baltic 2
Project
RWE has completed the sale of its 350MW FEW Baltic 2 offshore wind development project in the Polish Baltic Sea to PGE, making PGE the sole owner. The transaction, initially announced in December, also included the transfer of an Environmental Decision and related data for the adjacent offshore wind development site 44.E.1. This deal allows PGE to integrate the project into its broader portfolio, while RWE continues to expand its global offshore wind operations.
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Counterparts (2)
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PGE Polska Grupa Energetyczna has taken full ownership of the 350MW Baltic 2 offshore wind project in the Polish Baltic Sea, completing its acquisition from RWE. This move significantly expands PGE's domestic energy portfolio, integrating the development into its broader operations as one of Poland's largest energy groups. For RWE, a leading global renewable energy company investing billions worldwide, the sale allows for continued focus on its core expansion of offshore wind, solar, and battery storage assets. Crucially, the deal also included the transfer of an Environmental Decision and related data for the adjacent offshore wind site 44.E.1, providing PGE with further development potential in the region.
- PGE now holds 100% ownership of the 350MW Baltic 2 offshore wind project.
- RWE divests its 350MW Polish Baltic 2 development.
- Transaction included an Environmental Decision for adjacent site 44.E.1.
- Deal value remains undisclosed.
Timeline
Announced
Mar 12, 2026
Signed
Closed
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