Danske Commodities Signs Landmark 1.4GW Offshore Wind Agreement in Poland

Danske Commodities has secured balancing agreements for the 720MW Baltyk 2 and 720MW Baltyk 3 offshore wind projects in Poland, marking the largest renewable energy deal in the company's history.

The energy trading firm will offtake the full output of the projects, totaling 1.4GW. Under the agreement, it will manage trading and balancing of the electricity produced from the wind farms in the Polish wholesale and balancing markets. Once operational, the two arrays will supply clean energy to approximately two million households, contributing to Poland's renewable energy transition.

The Baltyk 2 and Baltyk 3 projects are jointly owned by Polish energy group Polenergia and Norwegian energy developer Equinor, each holding a 50% stake.

“We are proud to announce the biggest renewables deal in company history as Danske Commodities is set to trade and balance 1.4GW from Baltyk 2 and Baltyk 3,” said Helle Østergaard Kristiansen, CEO of Danske Commodities. “With almost 15 years of power trading experience from the Polish market, Poland is now emerging as a core renewables market for us, and we look forward to continuing growing our asset portfolio.”

Earlier this year, Danske Commodities signed a balancing agreement for Equinor's Lipno solar park in Poland, and the addition of the Baltyk offshore wind projects further strengthens its position in the region.

The partnership aligns with Equinor's broader strategy to expand its renewable energy offerings in Poland, encompassing both onshore and offshore projects. “With the build-out of renewables in Poland, Danske Commodities is ready to support Equinor and third-party energy producers by creating value uplift from power trading,” added Kristiansen.

Danske Commodities currently manages a renewable energy contract portfolio totaling 12GW across Europe, solidifying its role as a key player in the continent's energy transition.