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.
