BAKU, Azerbaijan, January 31. The European Bank for Reconstruction and Development (EBRD) has extended a 200 million euro loan to support the development of Poland’s Baltica 2 offshore wind farm, Trend reports.
This financing, provided in partnership with several commercial lenders, the European Investment Bank, Bank Gospodarstwa Krajowego, and Denmark’s Export and Investment Fund, marks a significant step in Poland’s renewable energy ambitions.
Once completed, Baltica 2 will become the largest wind farm in the Baltic Sea, with a capacity of up to 1.5 GW. It will produce around 5,000 GWh of electricity annually, covering approximately 3% of Poland's current electricity needs, while avoiding over 3.5 million tonnes of CO2 emissions each year. The wind farm is set to play a crucial role in Poland’s transition to renewable energy, helping the country meet its target of generating 58% of electricity from renewable sources by 2030.
This project follows the EBRD’s support of Baltic Power, Poland’s first offshore wind farm, and signals the bank's continued commitment to boosting renewable energy in Poland. As energy security becomes a growing concern amidst global tensions, the development of offshore wind energy is seen as essential to reducing Poland's reliance on coal and enhancing energy resilience.
EBRD officials emphasized the project’s role in accelerating the decarbonisation of Poland’s economy and advancing Europe’s net-zero goals. The Baltica 2 project is being developed by Elektrownia Wiatrowa Baltica-2, a joint venture between Poland’s PGE and global offshore wind leader Orsted.
The EBRD has invested nearly 15.4 billion euros in Poland to date, reinforcing its long-term commitment to sustainable energy solutions and economic growth in the region.