The Board of Directors of the European Investment Bank (EIB) has approved financing for the construction of two wind farms in the Baltic Sea with a total capacity of 1440 MW. This information was shared by Teresa Czerwińska, vice-president of the EIB, on her LinkedIn profile. Although details of the specific projects have not been disclosed, it is speculated that the decision could involve investments by Polenergia and Equinor, who are developing several large wind projects in the Baltic Sea.
Once the agreement is finalised, the EIB funds will be used to support the Polish energy transition. The aim of this investment is to reduce greenhouse gas emissions and air pollution, as well as to develop renewable energy sources (RES) in Poland. EIB financing will contribute to the country’s energy security and enable the introduction of modern technologies in the energy sector.
The wind farms in the Baltic Sea are part of a broad plan by Polenergia and Equinor, who are jointly developing three offshore wind farms with a target total capacity of 3,000 MW. This will make it possible to supply more than 4 million households with green energy, a significant step towards the decarbonisation of the Polish energy sector.
The Bałtyk project, comprising the Bałtyk 2 and Bałtyk 3 offshore wind farms with a total capacity of 1440 MW, is one of the largest infrastructure projects in Poland’s history. The first energy from these installations is expected to flow into the national grid as early as in 2027. This investment is an important element of Poland’s energy strategy, contributing to the achievement of national and European climate goals.
Source: EIB
