Orlen Neptun has established its branch in Lithuania

Orlen Neptun, PKN Orlen’s offshore wind energy development company, has established its branch in Lithuania, BNS reported. According to the Lithuanian Registry Centre, Orlen Neptunas was registered on 10 May with a share capital of €2,500.

Krzysztof Bukowski, project manager of Orlen Neptunas, told the Lithuanian agency “that the establishment of the company in Lithuania is related to Orlen’s plans to expand green production, but did not disclose whether the Polish company intends to take part in wind farm tenders in the Baltic Sea announced by Lithuania”.

– Orlen Group has long-term plans for green production outside Poland. This has led to the creation of Orlen Neptunas in Lithuania. We will report on all related activities once the company has made the relevant decisions, Bukowski said.

Bukowski said that Orlen plans to invest PLN 120 billion (around €26.63 billion) over seven years in the development of renewable energy sources and produce 9 GW of green energy annually by 2030.

Orlen and Orlen Lietuva have already indicated that they are interested in a future auction of a wind farm in the Baltic Sea with state support. It is assumed that this auction will be announced in September this year. According to BNS, these plans may change depending on the first auction of a 700-megawatt (MW) offshore wind park without state support, which is currently underway.

Lithuania is preparing to build two wind farms in the Baltic Sea, each with a capacity of 700 MW, at an initial cost of €1.8 billion for the first one.

Source: PortalMorski.pl