Stake Transaction

On 6 May 2021, Ørsted completed the acquisition of a 50% equity stake in the Baltica 2 and Baltica 3 project companies from PGE’s capital group, creating an equal-share partnership. Under the transaction, Ørsted subscribed for new shares representing 50% of the total share capital in Elektrownia Wiatrowa Baltica – 2 sp. z o.o. and Elektrownia Wiatrowa Baltica – 3 sp. z o.o. The price for the newly issued shares in the two companies was set at a combined 657 million Polish zloty. The deal closed after the President of the Office of Competition and Consumer Protection granted merger clearance on 12 March 2021. Through this investment, Ørsted became co-owner of the Baltica 2 portfolio held in Elektrownia Wiatrowa Baltica – 2 sp. z o.o., which also covers the Baltica 2+ extension area.