The European Investment Bank (EIB) has committed a €400 million loan to Polska Grupa Energetyczna (PGE) to support the development of the Baltica 2 offshore wind farm, set to be the EU's largest offshore wind project to date. With a capacity of 1.5 GW, Baltica 2 will be located off the Polish coast in the Baltic Sea and is slated for completion by 2027. The project, a collaboration between PGE and Denmark’s Ørsted, will feature cutting-edge turbine technology, with a total of 107 turbines positioned 40 km from Poland’s shore.

This loan is part of a broader €1.4 billion financing package approved by the EU’s climate bank to support the construction of Baltica 2 and its sister project, Baltica 3. Together, these projects will help double PGE’s renewable energy capacity to 2.5 GW. The wind farms will significantly contribute to Poland’s energy transition, enhance energy security in the Baltic Sea region, and support EU-wide sustainability goals.

The EIB loan is the largest direct financial contribution from a single institution to the Baltica 2 project. EIB Vice-President Teresa Czerwińska emphasized the importance of this investment in helping Poland meet its renewable energy goals, reduce emissions, and increase its energy security.

The financing also aligns with European initiatives such as InvestEU, REPowerEU, and the Recovery and Resilience Facility, showcasing a commitment to long-term climate action.