EIB funds Polish wind farms

Green Forum
The European Investment Bank (EIB) has signed a financing agreement worth €700 million to support the construction of two major offshore wind farms—Bałtyk 2 and Bałtyk 3—developed by Norway's Equinor and Poland's Polenergia along the Polish coast of the Baltic Sea. Together, the wind farms will have a combined capacity of 1.44 GW and are scheduled to become fully operational in 2028.

“Bałtyk 2 and Bałtyk 3 play a crucial role in Poland's efforts to decarbonise, generating enough renewable electricity to supply around two million households annually,” stated EIB Vice-President Teresa Czerwińska. “The EIB is contributing €350 million to each project, making us by far the largest lender among approximately 30 financial institutions involved. This marks our third major investment in renewable energy in Poland this year and our third offshore wind financing in the Baltic Sea, underlining our strong commitment to supporting green energy as essential for both economic resilience and energy security.”

Situated about 30 kilometres offshore from the Polish towns of Ustka and Łeba, the two fixed-bottom wind farms will feature 100 wind turbines, each with a capacity of 14.4 MW. The project, primarily relying on European suppliers, represents a strategic partnership between Equinor—a global leader in offshore wind—and Polenergia, Poland's largest private energy company. It is also expected to drive forward the economic development of the EU's cohesion regions.

RECOMMENDED
Valorem and Triobud to develop 700 MW in Poland
Energy

Valorem and Triobud to develop 700 MW in Poland

French green energy operator Valorem has partnered with Polish engineering group Triobud Investments to develop up to 700 MW of hybrid wind-solar projects in Poland, with potential for further expansion.

EIB and Commerzbank strengthen Europes wind industry
Industry

EIB and Commerzbank strengthen Europe's wind industry

The European Investment Bank (EIB) is using again its €5 billion initiative to support manufacturers of wind-energy equipment in Europe by extending a €500 million counter-guarantee to Germany-based Commerzbank AG.

RECOMMENDED FROM THE HOME PAGE
Energy

Solar module makers show first financial stability in over a year

The newly published Edition 2 2026 of the PV Module Manufacturer Ranking Report shows the first signs of stabilisation in the solar manufacturing sector's balance sheets after more than a year of steady deterioration. The table tracks the Altman Z-Score, a widely used measure of bankruptcy risk, for 64 publicly listed photovoltaic module manufacturers, and has now been refreshed with first-quarter 2026 data.

Energy

Romanian floating solar pioneer partners with university

The Faculty of Hydrotechnics from the Technical University of Civil Engineering Bucharest and Waldevar Floating PV have signed a strategic partnership to accelerate innovation in renewable energy and prepare the next generation of specialists in floating photovoltaic technologies.

Energy

Rezolv Energy launches Bulgaria's St. George solar park

Rezolv Energy has commissioned the St. George solar park in Silistra, Bulgaria, marking the company's first project to become operational. The 225 MW facility reached full operational status in under three years from acquisition of development rights.