The European Investment Bank (EIB) has signed a €400 million ($409 million) loan agreement with Polska Grupa Energetyczna (PGE) to support the Baltica 2 offshore wind farm, the largest such project in the European Union to date.
Developed in collaboration with Danish energy firm Ørsted, Baltica 2 will be located in the Baltic Sea, approximately 40 km north of Poland’s coastline. The 1.5 GW wind farm is expected to be operational by 2027 and will feature 107 advanced wind turbines.
Baltica 2 will have a capacity of 1.5 GW, significantly contributing to Poland’s renewable energy expansion. The project will feature 107 advanced wind turbines, strategically positioned 40 kilometres off the Polish Baltic coast to harness strong offshore winds. Scheduled for completion in 2027, Baltica 2 is expected to play a crucial role in enhancing the country’s energy security and reducing reliance on fossil fuels.
The loan forms part of a broader €1.4 billion funding package approved by the EU’s climate bank, supporting the construction of two large-scale offshore wind farms in the Baltic Sea—Baltica 2 and its sister project Baltica 3. Together, they will add 2.5 GW of capacity and double PGE’s renewable energy portfolio.
