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.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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