Vattenfall and Synthos Set Sights on Baltic Sea Offshore Wind Projects

Business & Finance

Vattenfall and the Polish chemical manufacturing company Synthos have signed a Memorandum of Understanding to explore opportunities for co-operation within the offshore wind industry in Poland and the Baltic states.

Vattenfall/Illustration

The MoU comes just days after the Baltic bordering countries signed a declaration to co-operate in the field of offshore wind.

“We believe collaborations between industry and energy companies are an important step forward in our aim to enable fossil free living. After speaking with the Synthos team this is something we are both very much aligned on,” Catrin Jung, Head of Vattenfall’s offshore wind business, said.

“Big appreciation that all Baltic countries signed a declaration to develop cost-efficient and environmentally sustainable deployment of offshore wind. This is a big step for offshore wind in Baltic sea and for climate.”

At the end of September, Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Sweden, and the European Commission signed the joint declaration to cooperate on and accelerate the build-out of offshore wind projects in the Baltic Sea.

The countries have also jointly committed to foster mutual collaboration in the context of the Baltic Energy Market Interconnection Plan (BEMIP), with hybrid offshore wind projects, smart grids, energy system integration and digitalization to be among the focus points of this cross-border collaboration.

According to WindErope scenarios, the offshore wind capacity in the Baltic Sea could grow from the current 2.2 GW to up to 93 GW by 2050.