Polenergia S.A., Poland’s largest private energy provider, has secured a 750 million złoty loan from Bank Gospodarstwa Krajowego (BGK) as part of the National Recovery Plan (KPO). The funds will finance the construction of offshore wind farms in the Baltic Sea, with a total capacity of 1,440 MW—enough to supply energy to approximately 4 million households.
This ambitious project is being developed in partnership with Norwegian energy giant Equinor. Construction of the turbine foundations is scheduled to begin in 2026, with energy production expected to start in 2027. Dominika Kulczyk, chair of Polenergia’s supervisory board, emphasized the transformative potential of the project, calling it the realization of her late father’s vision for Poland to lead in clean energy.
Baltic Sea Wind Farms at the Heart of Poland’s Energy Transition
The initiative includes the development of the Bałtyk 2 and Bałtyk 3 wind farms, equipped with 100 state-of-the-art turbines. The first phase will generate 1,440 MW, with plans to expand capacity to 3 GW in later stages. The total investment exceeds 20 billion złoty, making it Poland’s largest private energy project to date.
“By 2027, these wind farms will be fully operational, providing a significant source of renewable energy,” said Filip Wojciechowski, Polenergia’s vice president. The project will also bolster Poland’s infrastructure, as work is underway on the connection systems necessary for delivering energy to the grid. Funding is sourced from Polenergia’s own capital, bank loans, and EU grants managed by BGK.
Historic Funding Agreement
The loan agreement, signed on December 18, 2023, marks a milestone as the first KPO-backed financial support for offshore wind energy in Poland. The KPO has allocated 20 billion złoty for this sector, distributed through BGK, which oversees funds totaling 130 billion złoty.
“Investing in wind farms enhances Poland’s competitiveness and attracts eco-conscious investors,” said Wojciechowski. Renewable energy solutions are becoming critical for industries seeking sustainable operations, he added.
A Leap Forward for Poland’s Green Energy Goals
This project represents a significant step in Poland’s strategy to transition to renewable energy, in line with Polenergia’s vision for 2030. With the Baltic Sea farms poised to become a pillar of Poland’s energy future, the nation is positioning itself as a leader in clean energy while bolstering its economy and industrial attractiveness.
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