Lease Executed

In January 2013, MFW Bałtyk II Sp. z o.o. (the Equinor–Polenergia 50/50 JV company) was awarded its PSzW (Pozwolenie na wznoszenie i wykorzystywanie sztucznych wysp) — the Polish location permit for the erection and use of artificial islands, structures and installations in the Polish exclusive economic zone — by the minister responsible for maritime affairs (currently the Minister of Infrastructure). Issued under Article 23 of the 21 March 1991 Act on Maritime Areas of the Republic of Poland and Maritime Administration, the PSzW is the functional equivalent of a seabed lease award in Poland's offshore wind regime: it confers exclusive rights to develop a specific seabed plot, and is the foundational early-development consent without which subsequent permits (cable corridor, environmental decision, grid connection, construction permits) cannot be sought. Sister project Bałtyk III received the equivalent permission ten months earlier (March 2012); both projects went on to obtain cable-laying permits (March 2014), environmental decisions (March 2017), and connection conditions from PSE (January 2019), culminating in the August 2024 award of all 17 construction permits by the Pomeranian Voivode that unlocked physical construction.