Orlen completes Baltic Power turbines as Orlen stock trades at EUR 35.37

Published on 10/19/2026 at 10:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Baltic Power entered commissioning after 76 turbines were installed on October 7, 2026. Orlen stock was at EUR 35.37 on October 19, 2026.

Baltic Power reaches commissioning

ORLEN installed 76 Baltic Power turbines on October 7, 2026.
First-half 2026 revenue reached PLN 152.2 billion, up PLN 17.8 billion year over year.
Orlen stock was trading at EUR 35.37 at 10:04 a.m. CEST at Lang & Schwarz on October 19, 2026.

Orlen, PLPKN0000018, Illustration mit AI erstellt.

Orlen (ISIN PLPKN0000018) was trading at EUR 35.37 at Lang & Schwarz on October 19, 2026, at 10:04 a.m. CEST. The company said on October 7, 2026, that all 76 turbines at its Baltic Power offshore wind project had been installed, moving the 1.2 GW facility into commissioning and testing, according to ORLEN.

Wind project enters final testing

Baltic Power is Poland's first offshore wind farm and is being developed jointly by ORLEN and Northland Power. The project uses 76 Vestas turbines rated at 15 MW each, while commissioning includes sequential integration into Poland's power system and 240-hour reliability tests, the company said.

Reuters reported on October 7, 2026, that more than one-third of the turbines were already generating power and that commercial operations remained on track for 2026. The report also put the facility's capacity at 1.1 GW and said project costs were aligned with original expectations, according to Reuters.

What do the latest figures show?

ORLEN's second-quarter 2026 revenue reached PLN 76.5 billion, while LIFO-based EBITDA was PLN 13.9 billion and net profit was PLN 7.7 billion. For the first half of 2026, revenue reached PLN 152.2 billion, PLN 17.8 billion above the prior-year period, and capital expenditure reached PLN 14.7 billion, according to the company's results release dated August 6, 2026, ORLEN.

When are the next results?

ORLEN moved publication of its consolidated third-quarter 2026 report from November 19, 2026, to November 5, 2026, according to PAP MediaRoom. That date gives investors the next scheduled test of earnings after the Baltic Power construction milestone.

Stock and investment scale

ORLEN's primary listing is on the GPW under ticker PKN.WA. The stock's market capitalization was PLN 178.6 billion on October 19, 2026, while its 52-week range was PLN 88.90 to PLN 164.12. The 2026 investment program is therefore being judged against both a large existing energy base and a sizable expansion pipeline.

ORLEN was trading at EUR 35.37 at Lang & Schwarz on October 19, 2026, at 10:04 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Orlen stock.