Equinor and Polenergia are in discussions with the European Bank for Reconstruction and Development (EBRD) to secure financing for their 720-MW Baltyk 2 and 3 offshore wind projects in the Polish Baltic Sea.
The EBRD's long-term senior debt financing will be offered alongside contributions from commercial banks, export credit agencies, and development banks.
The approval date for the financing has been set for 11 December 2024, according to the EBRD.
These projects are part of Poland's offshore wind expansion plan, targeting 5.9 GW of capacity across eight developments.
The EBRD has previously provided financing for the Baltic Power project and is currently considering funding for the Baltica 2 project. The bank has drawn on its experience from these ventures to conduct due diligence for Baltyk 2 and 3.
