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
Sustainability moves from ambition to action
Real estate

Sustainability moves from ambition to action

Conducted in autumn 2025, the RICS Sustainable Real Estate Survey Europe gathered 112 responses from valuers, developers, investors and other professionals across 30 countries. The findings confirm that ESG has moved from a peripheral concern to a core driver of real estate value, risk and decision-making across Europe.

Energy

DSV boosts energy self-sufficiency with solar power

DSV – Global Transport and Logistics, the world's largest logistics operator, has launched a solar installation at its warehouse in Łozienica, Poland, in partnership with commercial real estate investor Accolade. The installation will meet the energy needs of Poland's first multi-client warehouse equipped with an AutoStore system.

Energy

Etem Gestamp signs cross-border wind power deal with Rezolv

Etem Gestamp, the Sofia-based joint venture between Viohalco Group and Spain's Gestamp Group focused on aluminium extrusion and processing for the automotive industry, and Rezolv Energy, the Actis-backed independent power producer, have signed a 10-year virtual power purchase agreement (VPPA) in Bulgaria. The VPPA will see Etem Gestamp buy electricity from Rezolv Energy's 461MW 'Vifor' wind farm, which is about to come onstream in Buzău County, Romania. It is the first cross-border wind PPA that has been publicly announced in Bulgaria.

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.

READ MORE
Green Forum  |  14 April, 2026 at 8:46 AM
Green Forum  |  31 March, 2026 at 10:44 AM