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Bałtyk 2 Offshore Wind Farm (MFW Bałtyk II)

under construction stage: construction
3.0 bn EUR
estimate · 2025 prices ≈ 13 bn PLN (value-by-stage, est., nominal) funding: Financial close reached on 23 May 2025; gearing of approximately 80%, financing provided by around 30 financial institutions, including the Nordic Investment Bank and the European Investment Bank, 25-year contract for difference (CfD) awarded in 2021 at around EUR 71/MWh (2021 prices) with inflation indexation

An offshore wind farm with a capacity of approximately 720 MW under construction in Poland's exclusive economic zone of the Baltic Sea, several dozen kilometres from the shore off Łeba, developed jointly by the Norwegian group Equinor and the Polish group Polenergia in a 50/50 partnership. Bałtyk 2 is one of two twin projects (alongside Bałtyk 3) with a combined capacity of 1,440 MW and a combined value of approximately PLN 27 billion, for which final investment decisions (FID) were taken on 19 May 2025 and financial close was reached on 23 May 2025. The farms will together comprise 100 Siemens Gamesa SG 14-236 DD turbines (50 turbines per project). The investment is covered by a 25-year contract for difference (CfD) awarded in 2021. Full commercial commissioning is planned for 2028.

How it went

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

Delivery partial
Schedule on time

Timeline

  1. Construction start May 2025
  2. Original date 2028
  3. Current date 2028

Change history

  • 19 May 2025 stage: construction

Significance

Bałtyk 2, together with its twin Bałtyk 3, belong to the first wave of commercial offshore wind farms on the Polish Baltic and are expected to significantly increase the country's renewable energy capacity. According to the investors, once commissioned the energy from both farms is expected to be sufficient to power approximately 2 million Polish households, supporting the energy transition and the diversification of generation sources.

Sources 4 · 4 archived

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

  1. Financial close for Bałtyk 2 and Bałtyk 3 ↗ archived ✓
    Equinor 22 May 2025
    StatusStageStage historyInvestorConstruction startOriginal dateCurrent dateCostcost.fundingDescriptionSignificance
    Status „Financial close for Bałtyk 2 and Bałtyk 3"
    Investor „Equinor 50%, Polenergia 50%"
    Construction start „Final Investment Decision: 19 May 2025 ... Financial Close: 23 May 2025"
    Original date „Full commercial power production is expected in 2028"
    Cost „over EUR 3 billion for Bałtyk 2"
    cost.funding „gearing of approximately 80% ... around 30 financial institutions ... power prices at approximately EUR 71 per MWh (2021 price) for 25 years, with inflation indexation"
    summary.pl:turbine_count „The two wind farms, developed in parallel, largely within the same time schedule, will consist of 100 fixed bottom turbines, placed 22-37 km off the Polish coast."
    Significance „Total power capacity of the projects is 1440 MW, enough to power 2 million Polish homes."
  2. Equinor i Polenergia podjęły finalne decyzje inwestycyjne (FID) dla morskich farm wiatrowych Bałtyk 2 i Bałtyk 3 ↗ archived ✓
    Polenergia 19 May 2025
    Stage historyCurrent datecost.funding
    name.pl „Equinor i Polenergia podjęły finalne decyzje inwestycyjne (FID) dla morskich farm wiatrowych Bałtyk 2 i Bałtyk 3"
    stage_events[0] „Opublikowano 19 maja 2025"
  3. Jest FID dla MFW Bałtyk 2 i 3 - Equinor i Polenergia rozpoczynają budowę morskich farm wiatrowych o wartości 27 mld zł ↗ archived ✓
    OffshoreWindPoland.pl 19 May 2025
    StageCurrent date
    Stage „Jest FID dla MFW Bałtyk 2 i 3 - Equinor i Polenergia rozpoczynają budowę morskich farm wiatrowych o wartości 27 mld zł"
    Current date „Już w 2028 roku 100 nowoczesnych turbin wiatrowych z farm Bałtyk 2 i Bałtyk 3 będzie dostarczać energię"
  4. Equinor i Polenergia wybrały dostawcę turbin dla MFW Bałtyk II i MFW Bałtyk III ↗ archived ✓
    Equinor Polska 14 Jun 2023
    Description
    locations[0].voivodeship „Projekty zlokalizowane będą w południowozachodniej części Morza Bałtyckiego, w ramach polskiej wyłącznej strefy ekonomicznej, około 27 i 40 km od portu Łeba"
    summary.pl:turbine_model „nowoczesnych morskich turbin z napędem bezpośrednim SG 14-236 DD (...) Łączna moc projektów realizowanych wspólnie przez Equinor i Polenergię to 1440 MW"