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.

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Green Forum  |  21 July, 2025 at 7:34 PM