A consortium comprising Pekao Investment Banking and Green Giraffe has been mandated as financial advisor for the offshore wind farm project Baltic Power. The two companies will be responsible for raising funding for the project, which is due to start in 2023, with commercial operation planned in 2026.
The role of the advisor will be to develop a complete concept of raising funds for the project along with an execution schedule. The consortium will also assist in the preparation of the required documentation and establish contracts with potential partners. The advisor’s offshore wind experience in raising offshore wind non-recourse project finance debt is founded on close to 30 projects with a total capacity of approximately 9 GW.
The 1.2 GW Baltic Power offshore wind project is implemented by PKN ORLEN in partnership with Northland Power of Canada. The project site, with an area of approximately 131 km2, is located about 23 km north of the Baltic coastline, near Łeba and Choczewo.
Country updates
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October 04, 2021
KGAL awards turbine supply deal for 27 MW Rywald wind project to Nordex
The Nordex Group has secured an order from KGAL Investment Management GmbH & Co. KG to supply nine N131/3000 turbines for the 27 MW Rywald wind farm project under development in Poland. ...
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September 20, 2021
NextPower III enters deal to acquire 43.2 MW Polish solar portfolio
NextPower III ESG (NPIII ESG), the international solar fund of NextEnergy Capital (NEC), has entered into an agreement to acquire a 42.3 MW solar photovoltaic project portfolio in Poland. The solar P...
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August 30, 2021
PGE picks financial advisor for 2.5 GW Baltica offshore wind
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 Géné...
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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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