Warsaw – Ocean Winds, an international company dedicated to offshore wind energy and established as a 50-50 joint venture between EDP Renewables and ENGIE, announced it has secured an around €2 billion (US$2.3B) project finance and reached Financial Close for its first offshore wind farm in the Baltic Sea. This achievement marks a key milestone, confirming the project’s readiness to move from the development phase into construction.
The project finance of BC-Wind is supported by the European Investment Bank (EIB), contributing to close to one third of the entire project finance, ICO (Instituto de Crédito Oficial Español) and 13 commercial banks, reflecting the maturity and long-term stability of the investment.
BC-Wind is being developed in the Polish Exclusive Economic Zone of the Baltic Sea. Located approximately 23 kilometers north of the coastline, near the municipalities of Krokowa and Choczewo in the Pomeranian Voivodeship. The wind farm will comprise 26 turbines with a capacity of 14 MW each, equipped with the Power Boost feature that increases output to 15 MW, with a total planned capacity of up to 390 MW.
The wind farm is expected to deliver its first power in 2028 and, once fully operational, will provide clean, zero-emission electricity to nearly half a million Polish households.
BC-Wind gives great importance to national content, with numerous Polish companies included in the project’s supply chain. In 2026, onshore construction work for the BC-Wind project will begin, with the design and construction of the onshore substation and export cable route to be carried out by the Polish company P&Q. Electricity will flow to the onshore substation via cables designed and installed by Tele-Fonika Kable, a company based in Bydgoszcz. In parallel, Ocean Winds will build a service base in Władysławowo. The project will also be the first in Poland to be fully delivered from Polish ports, with Świnoujście serving as the marshalling harbour for foundations and Gdańsk for wind turbines.
(Photo from Ocean Winds)