• The European Investment Bank has provided the largest share of support among the 15 institutions involved in financing BC-Wind.
  • The new 390 MW offshore wind farm will supply clean energy to nearly half a million Polish households and businesses.
  • This is the third major offshore wind energy project in Poland this year to receive funding from the EIB.
  • The investment is being carried out by Ocean Winds, a joint venture between ENGIE and EDPR.

The European Investment Bank (EIB) has provided €600 million in support for the construction of BC-Wind, making it the largest lender to this new wind farm in the Baltic Sea. Located more than 20 km off the west coast of Poland, the 390 MW wind farm will supply clean electricity to nearly half a million households and businesses. Ocean Winds, a joint venture between ENGIE and EDPR, is responsible for the implementation of this strategic project, with production scheduled to start in 2028. This is the fourth major offshore wind energy project financed by the EIB in Poland and the third to receive funding from the European Union’s development and climate bank this year.

“The EIB is a proven partner in Poland’s energy transition, from the development of renewable energy sources and grid modernisation to improving energy efficiency and affordability. BC-Wind will contribute to reducing CO₂ emissions and strengthening the energy security of citizens and businesses. The EIB’s consistent commitment to climate action, economic competitiveness and Europe’s strategic sovereignty is behind the favourable long-term financing of the construction and operation of another wind farm in the Polish economic zone in the Baltic Sea,” said EIB Vice-PresidentProf. Teresa Czerwińska.

BC-Wind will consist of 26 turbines with a maximum capacity of 15 MW each. Ocean Winds has already obtained all the necessary permits and has entered into a 25-year contract for difference, which will provide the basis for future energy sales. On 1 December, the company announced the signing of a financing agreement worth approximately €2 billion with 15 lenders, which will enable construction to begin in 2026.

“Offshore wind energy is one of the main drivers of the energy transition in Poland and a real opportunity for the development of a revitalised sector of the economy. Poland has the potential to become a regional leader in offshore wind energy, both in terms of clean energy production and industrial infrastructure. The BC-Wind project, supported by key financial partners such as the European Investment Bank, is our contribution to the strategic process of increasing the share of renewables in the energy mix,” said Bautista Rodriguez, Chief Operating Officer of Ocean Winds.

The EIB has been working with ENGIE and EDPR for many years and in 2022 also supported a pilot floating offshore wind farm project developed by Ocean Winds in France. BC-Wind’s financing is secured by guarantees from the European Union’s InvestEU programme and implemented as part of the RePowerEU plan, which aims to reduce fossil fuel imports by accelerating the green transition. The EIB allocated funds for the Ocean Winds project from TechEU, its flagship programme to support Europe’s technological advantages, including in the energy sector.

The EIB’s support plays an important role in financing the dynamic development of offshore wind energy in Poland and helps to attract further investors to the sector. In 2025, the bank has already provided financing for the sister wind farms Bałtyk 2 and Bałtyk 3 with a total capacity of 1.44 GW and the Baltica 2 farm with a capacity of 1.5 GW – the largest offshore wind farm of its kind in the EU to date. In total, the EIB has invested €1.7 billion in offshore wind energy in the country this year. In 2023, the bank also co-financed the first project of its kind in Poland.

Source: EIB