Equinor and Polenergia launch €6 billion Bałtyk wind projects

Green Forum
The joint venture partners behind the project – Equinor, the international energy company headquartered in Norway, and Polenergia, Poland's largest private energy group – have made their final investment decisions for the Bałtyk 2 and Bałtyk 3 offshore wind farms, paving the way for full-scale construction. 

The total investment is estimated at approximately €6 billion, excluding financing costs. By 2028, 100 wind turbines from these two projects will be delivering renewable electricity to Poland's national grid.

The development will be financed through a project finance structure, with further details to be disclosed upon financial close.

Bałtyk 2 and Bałtyk 3 stand among the most significant infrastructure investments in Poland's history. Their implementation is expected to strengthen the country's energy security and independence, generate employment in the growing offshore wind sector, and enhance the competitiveness of the Polish economy through clean energy production.

The two wind farms will have a combined capacity of 1,440 MW and will feature 100 cutting-edge wind turbines, each towering at 260 meters—taller than the Palace of Culture and Science in Warsaw. A single rotation of one turbine's rotor can produce enough electricity to power a Polish household for four days. Together, the farms will supply renewable energy to over 2 million Polish households, making a major contribution to Poland's renewable energy targets and reducing the national carbon footprint.

Construction will take place in the Polish Exclusive Economic Zone of the Baltic Sea, approximately 37 km and 22 km from the coastline. Full completion and commissioning of the wind farms are expected by 2028.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Microsoft hits 100% renewable energy target five years early
Energy

Microsoft hits 100% renewable energy target five years early

Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.

Real estate

How is EU real estate navigating the CSRD changes? Take our survey

The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.

Energy

Waldevar Energy builds utility-scale PV parks in Romania

Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.

Industry

Lidl Romania exceeds 2030 sustainability targets early

Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.

READ MORE
Green Forum  |  19 February, 2026 at 10:24 AM
Green Forum  |  5 February, 2026 at 11:47 PM