Wind power to flow from Western Pomerania in Poland

05
Oct
2023
News - Wind power to flow from Western Pomerania in Poland #Cushman&Wakefield #green energy #Poland #Pomerania #wind turbines

by Property Forum | Investment

Wind power, which accounts for approximately 2% of total electricity supply, is at the global forefront of green solutions and growing well ahead of traditional energy technologies and other renewable energy sources. One of the most prospective regions in Poland for this sector is Western Pomerania. According to the latest report from global real estate services firm Cushman & Wakefield, this region is already seeing professional large-scale wind farms being established and is a clear leader in terms of economic potential for wind power with 14,000 MW, 40% ahead of Pomerania and Lower Silesia.


Offshore wind power (OWP) is a relatively new sector in Poland, but its growth potential is gaining importance in light of the European Union’s initiatives towards achieving net zero carbon emissions within the EU’s social and economic system.

According to Cushman & Wakefield’s report, the EU’s installed offshore wind power capacity by 2050 is estimated at 220-440 GW. By contrast, the “Polish Energy Policy until 2040” assumes that the offshore wind power capacity of projects to be developed in Poland will reach 11 GW in the next 20 years.

"The construction of seven wind farms is expected to cost PLN 100 billion, with the first projects to be launched in 2026-2027. Such projects present growth opportunities for many other sectors, including R&D, services, manufacturing, marine economy and construction. With 8,000 ha of high-quality development land, of which 1,200 ha has the status of a special economic zone, Western Pomerania is undoubtedly one of the key regions in which to locate such projects", says Damian Kołata, Head of Industrial & Logistics Agency Poland, Head of E-Commerce CEE, Cushman & Wakefield. 

In 2021, programmes supporting OWP development were implemented in both Szczecin and Western Pomerania. Action was taken to preliminarily assess the potential of Szczecin and the entire region for offshore wind energy as part of the offshore sector.

"Baltic Power in Świnoujście will be a major OWP project in the region. It will be Poland’s first installation terminal developed through a joint venture between the ORLEN Group and Northland Power. Upon completion in 2026, the wind farm with a total capacity of up to 1.2 GW will be able to supply clean energy to more than 1.5 million households", adds Paulina Machałowska, Associate, Cushman & Wakefield.

Offshore wind farm components, including turbines manufactured by Vestas, will be delivered to the approximately 20-hectare Baltic Power installation terminal site in Świnoujście.

"The first Baltic Power project will feature components for 76 modern turbines, each with a capacity of 15 MW, to be supplied by Vestas. The supplier also decided to build a factory in Szczecin which will assemble turbine nacelles and hubs. The facility will supply components to the Polish and global markets. The factory is expected to start operations in the second half of 2024 and to create between 600 and 700 jobs", concludes Adrian Semaan, Senior Research Consultant, Cushman & Wakefield.




Latest news


New leases

  • Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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