← all projects
Energystrategic

Baltica 2 Offshore Wind Farm

under construction stage: construction
30 bn PLN
estimate · data from 17 Jun 2026 ≈ 30 bn PLN (value-by-stage, est., nominal) funding: PGE finances its 50% share on a project-finance basis: PLN 11.1bn (approx. EUR 2.6bn) in loans from 24 Polish and international financial institutions, including the European Investment Bank and the European Bank for Reconstruction and Development, approx. PLN 6bn in loans from Bank Gospodarstwa Krajowego, of which PLN 5.5bn from the National Recovery Plan (KPO), 25-year inflation-protected contract for difference (CfD) with the Polish state; Ørsted finances its half itself

An offshore wind farm with a capacity of 1.5 GW being built in the Polish part of the Baltic Sea, about 40 km from shore off Ustka, in a 50/50 partnership between PGE Polska Grupa Energetyczna and Denmark's Ørsted. The project comprises 107 Siemens Gamesa turbines of 14 MW each, mounted on monopiles (111 monopiles in total, including 4 for offshore electrical substations). The final investment decision was taken on 30 January 2025, the first foundations were installed at sea in May 2026, and full commissioning is planned by the end of 2027. The cost of the investment is estimated in the media at about PLN 30 billion; PGE is financing its half in a project finance formula, including with PLN 11.1 billion in loans from 24 institutions and about PLN 6 billion from BGK (including PLN 5.5 billion from the National Recovery Plan), and the project has a 25-year contract for difference with the Polish state.

How it went

Assessment: too early to assess. Signals only where documented.

Delivery partial
Schedule on time

Timeline

  1. Construction start Jan 2025
  2. Original date 2027
  3. Current date 2027

Change history

  • 30 Jan 2025 stage: construction

Significance

Once fully operational, Baltica 2 is to be the largest offshore wind farm in Poland, capable of supplying green electricity for about 2.5 million Polish households. The project is one of the largest energy undertakings currently under way in the country and a key element in the development of offshore wind power in the Polish Baltic.

Sources 6 · 5 archived

Every fact on this card comes from the sources below. Next to each source — which fields it supports.

  1. offshoreWIND.biz 30 Jan 2025
    StageConstruction startOriginal datecost.fundingDescription
    cost.funding „obtained PLN 11.1 billion (approximately EUR 2.6 billion) in loan from 24 Polish and international financial institutions, including European Investment Bank and European Bank for Reconstruction and Development"
    cost.funding „25-year inflation-protected contract for difference (CfD) in place with the Polish state"
    Original date „Baltica 2 is expected to be fully commissioned by the end of 2027"
  2. BalticWind.EU 30 Jan 2025
    StageStage historyConstruction startcost.funding
    Stage „FID allows for official transition from the project development to construction phase of the offshore wind farm."
    cost.funding „A total of about PLN 6 billion will come in form of loans from Bank Gospodarstwa Krajowego from which PLN 5.5 billion coming from the National Recovery Plan."
    Construction start „PGE and Ørsted have already started building the onshore connection infrastructure."
  3. Evertiq 20 May 2026
    StatusInvestorDescriptionSignificance
    Status „The first foundations have been successfully installed in the Polish part of the Baltic Sea."
    Investor „built, owned and operated in a 50/50 partnership between Ørsted and Polish energy company PGE Polska Grupa Energetyczna"
    locations „located approximately 40 km off the Polish coast near Ustka"
  4. WNP.pl 17 Jun 2026
    CostCurrent dateSignificance
    Cost „Koszt tej inwestycji sięgnie 30 mld zł."
    Current date „pełne uruchomienie komercyjne planowane jest do końca 2027 roku"
  5. BalticWind.EU 9 Jan 2025
    Construction start
  6. Windtech International 30 Jan 2025
    InvestorOriginal date