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Home›Business & Finance›Equinor, Polenergia Secure Financing for EUR 7.2 Billion Bałtyk 2 & 3 Offshore Wind Farms
Business & Finance

May 23, 2025 · about 1 year ago

Equinor, Polenergia Secure Financing for EUR 7.2 Billion Bałtyk 2 & 3 Offshore Wind Farms

Equinor and Polenergia have reached financial close for the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland, for which the joint venture partners secured two project financing packages of over EUR 3 billion for each wind farm, including ancillary facilities. The finance packages will fund the ca

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Equinor, Polenergia Secure Financing for EUR 7.2 Billion Bałtyk 2 & 3 Offshore Wind Farms

The two wind farms, each with an installed capacity of 720 MW, are located 22-37 kilometres off the Polish coast, where 100 wind turbines will be installed, 50 at each of the two project sites.

Bałtyk 2 and Bałtyk 3 will be built in parallel, with all key suppliers already selected and contracted.

Siemens Gamesa will supply 100 of its SG 14-236 DD wind turbines, which will be installed by Cadeler . The foundations will be supplied by the Dutch company Sif and the export cables will be delivered by Greece’s Hellenic Cables.

The operations and maintenance (O&M) base for the two wind farms will be situated in Łeba in northern Poland. The base will serve as a centre for marine operations and support during the construction phase. Equinor is the owner of the base and will be the operator of the projects.

Bałtyk 2 and Bałtyk 3 are expected to produce first power as early as 2027, with full commercial power production expected in 2028.

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