Warsaw launches Baltica 2: Offshore Wind Farm for €7.15 Billion

The Polish Prime Minister announces the Baltica 2 project, carried out in partnership with Ørsted and PGE, aiming for 1.5 GW over 190 km² in the Baltic Sea, with a launch this year and commissioning scheduled for 2027.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The new initiative unveiled by the Polish government is part of a broader strategy to strengthen national offshore capacity. The Baltica 2 project involves constructing an offshore wind farm extending over approximately 190 km², about 40 km from the Polish coast between the towns of Ustka and Choczew. The construction, scheduled to begin this year, will see the installation of 170 turbines generating an expected total capacity of 1.5 GW.

Technical and Geographic Details

The chosen location in the Baltic Sea was selected for its favorable wind potential and its relative proximity to the mainland, facilitating grid connection. The 170 turbines, which incorporate recent technological innovations, are designed to meet growing energy demands while diversifying energy sources. The technical data, including the area covered and installed capacity, underline the scale of the investment.

Financing Arrangements and Sector Implications

The project is being executed by a consortium formed by the Danish group Ørsted and the Polish company PGE, each holding a 50% stake. Ørsted will finance its share with its own funds, whereas PGE will rely on local and international loans, including those from European banks such as the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), as well as funds from the post-Covid recovery plan.
The investment of 30 billion zlotys reflects the commitment of sector players to develop significant offshore capacities. Additionally, the Prime Minister indicated that this operation is only one element of an ambitious plan aimed at reaching 18 GW of national offshore capacity by 2040. The detailed figures and strategic partnerships provide a clear insight into the challenges and growth prospects for the offshore wind sector.

The Kagurayama onshore wind farm (61.1 MW) begins operations under a secured 2017 FIT tariff, despite grid injection limits and a multi-stakeholder local governance model.
The Trump administration has ordered the immediate halt of five major offshore wind construction sites in the Atlantic, citing national security threats and drawing mixed reactions from industry and political circles.
Policy reversals, reduced performance and corporate disengagement marked an unprecedented slowdown in wind power in 2025, although China continued its expansion at a steady pace.
The Québec government has approved three wind projects totalling 792 MW to meet growing energy demand and support regional economies in Bas-Saint-Laurent and Capitale-Nationale.
French group ENGIE has officially commissioned the Serra do Assuruá complex in the State of Bahia, making it its largest onshore wind project worldwide.
RWE signed a 15-year power purchase agreement with Indiana Michigan Power for the Prairie Creek project, aimed at supporting Indiana’s growing electricity demand starting in 2028.
EDP has signed a long-term electricity supply agreement with Energa for a 322 MW hybrid portfolio combining wind and solar, marking one of the largest contracts of its kind in Poland.
Ocean Winds has deployed a LiDAR buoy off Gippsland to collect accurate data on wind and currents, a key step in its 1.3 GW offshore wind project in Australia.
TerraWind Renewables acquires five projects totalling 255MW in northern Japan, bringing its onshore wind development capacity to 327MW and targeting first commercial operation in 2028.
A consortium led by EDF power solutions has signed a 20-year agreement with Nama PWP to develop a 120 MW wind farm in southeastern Oman, with commissioning scheduled for Q3 2027.
Microsoft expands its partnership with Iberdrola through two new power purchase agreements in Spain, reinforcing its European energy strategy while deepening the use of cloud and artificial intelligence solutions from the US group.
Casa dos Ventos awards Vestas the supply, construction and maintenance of a 184-turbine complex in the state of Piauí, with an investment exceeding $1.01bn.
Warsaw tests long-term support for offshore wind with a structured tender to maximise competition, reduce financial risk and reassure a supply chain under pressure across Europe.
TotalEnergies has sold 50% of a portfolio of wind and solar projects in Greece to Asterion Industrial Partners, valued at €508mn ($554mn), while retaining operational control and the main share of electricity marketing.
Italy’s offshore wind rollout remains at a standstill, freezing over 18 GW of pending projects and weakening national renewable energy targets.
German manufacturer Nordex has secured an order for 34 turbines for a 200 MW project in the Canadian province of New Brunswick, marking its first entry into this region.
OX2 has started construction on three new onshore wind farms in Finland, bringing its total installed capacity in the country to 750 MW, a record level for a private energy sector player.
Italian group Enel has acquired two onshore wind farms in Germany for an enterprise value of €80mn ($86.5mn), strengthening its presence in a stable and strategic market as part of a targeted asset transfer.
EDF power solutions announces commercial operation of the San Kraal wind farm, the first unit of the 420MW Koruson 1 project, with full commissioning expected in early 2026.
Q ENERGY has announced the entry of three local and citizen-based partners into the capital of the Ventajou wind farm, marking its first strategic equity opening to institutional and community investors.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.