PGE and Orsted have selected Societe Generale SA to serve as advisor in obtaining financing for the two-phase 2500 MW Baltica offshore wind project.
PGE named Société Générale as the winner of the competitive tender. The winning bid was PLN8.5 million (US$2.2 million).
Orsted and PGE Baltica will jointly develop, build and operate the Baltica offshore wind farm which will occupy a similar amount of space as the city of Warsaw, when operational.
Country updates
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August 20, 2021
Greenvolt starts construction of 50 MW wind farms in Poland
GreenVolt, through V-Ridium, will start the construction of two wind farms in Poland with an installed capacity of 50 MW. The 15.4 MW Podlasek and 34.5 MW Wólka Dobryńska projects are expected...
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August 12, 2021
Mashav Energy secured financing for the 37 MW extension of Potegowo wind farm project
Potegowo Mashav Sp. z o.o., a special purpose vehicle owned by Israel Infrastructure Fund through local firm Mashav Energy Sp. z o.o., has secured financing for the 37.4 MW extension of the ...
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July 09, 2021
OX2 divests 45 MW Huszlew wind project in Mazowieckie
OX2 has sold a wind farm in Eastern Poland with the capacity of 45 MW to funds managed by Octopus Renewables. OX2 will directly begin construction of the wind farm with delivery expected in 2023. The...
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June 30, 2021
Santander, Energix - Renewable Energies sign loan for 81.4 MW Banie III and 44 MW Sepopol wind projects
The Santander Group and Energix - Renewable Energies have signed a loan agreement worth PLN550 million (US$145 million) to finance a portfolio of two onshore wind farms with a total capacity of 125 MW...
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June 23, 2021
Energy Regulatory Office awards CFD contract for 1.2 GW offshore wind farm in Poland
The Energy Regulatory Office of Poland has awarded a contract for difference (CfD) for Northland and PKN ORLEN’s (ORLEN) Baltic Power offshore wind project (Baltic Power)
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