Wedoany.com Report-May 30, Equinor, a Norwegian energy company, and Polenergia, a Polish energy firm, have finalized financing for the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland, marking the largest project finance deal in the Polish energy sector at over €6 billion ($6.8 billion). The funding, secured from approximately 30 financial institutions including the National Economy Bank (BGK), European Investment Bank (EIB), and Nordic Investment Bank (NIB), follows the final investment decision on May 19, 2025. The projects, awarded Contracts for Difference in 2021 at €71 ($81) per MWh for 25 years, are set to enhance Poland’s renewable energy capacity.

Adam Purwin, president of Polenergia SA’s Management Board, stated: “We have done something extraordinary: we have closed financing provided by about 30 institutions, the largest players in the international capital environment, obtaining exceptionally good conditions in a market that has been demanding in recent months. We are starting the construction phase so that in three years clean energy from the most modern turbines will flow to Polish homes.” Construction of the 1,440-megawatt wind farms, located 22–37 kilometers off Poland’s coast, will now commence.

Michael Jerzy Kolodziejczyk, president of Equinor in Poland, added: “The strong interest from financial institutions underlines the solidity of these projects, as well as their strategic importance for Poland’s energy transformation and the integration of large-scale renewable energy sources into the national energy system. With key decisions made and financing secured, our focus is now on the safe, timely and efficient implementation of the construction.” The projects are critical for Poland’s shift toward sustainable energy.

The Bałtyk 2 and 3 wind farms, developed concurrently, will feature 100 fixed-bottom turbines supplied by Siemens Gamesa, using the SG 14-236 DD model with a 14.4-megawatt capacity per turbine, the largest of their kind. Each turbine’s rotor revolution can power a Polish household for four days. Expected to begin operations in 2028, the wind farms will supply clean energy to two million Polish homes, supporting domestic energy consumption without impacting trade dynamics.