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    Signature(s)

    Amount
    € 609,494,143.4
    Countries
    Sector(s)
    Poland : € 609,494,143.4
    Energy : € 609,494,143.4
    Signature date(s)
    19/09/2023 : € 15,421,094.4
    14/09/2023 : € 260,073,049
    19/09/2023 : € 334,000,000
    Link to source

    Summary sheet

    Release date
    15 June 2022
    Status
    Reference
    Signed | 14/09/2023
    20210696
    Project name
    Promoter - financial intermediary
    BALTIC POWER OFFSHORE WINDFARM
    BALTIC POWER SP ZOO
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    PLN 3112 million (EUR 655 million)
    PLN 19917 million (EUR 4189 million)
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    Development, construction and operation of a very large-scale (up to 1.2 GW) offshore windfarm in the Polish Economic Exclusive Zone in the Baltic Sea, located 23 km to the north of the Polish coastline. The Promoter is a joint venture of PKN ORLEN (Poland) and Northland Power (Canada).

    The project should foster the integration of mature variable renewable generation technologies in the market. The Bank's financing would thus fill a market gap in the development of new renewable capacity: that would include a financing gap for projects that try to develop new capacity with more market-exposed structures and instruments.

    Environmental aspects
    Procurement

    Wind farms adhere to the national legislation having transposed Annex II of Directive 2014/52/EU amending Directive 2011/92/EU, thereby leaving it to the competent authority to determine if an environmental impact assessment (EIA) is mandated. Given the project size, the competent authority required an EIA to be conducted. Compliance of the authorisation process with relevant EU Directives will be verified during appraisal.

    It is provisionally understood that the Promoter, which is a Special Purpose Vehicle (SPV), is neither a contracting authority nor a public undertaking in the sense of the EU procurement policies. It also does not see to operate on the basis of special or exclusive rights granted by a competent authority in relation to this project. Consequently, no public procurement would be required. This needs to be confirmed during appraisal.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - BALTIC POWER OFFSHORE WINDFARM
    Publication Date
    14 Dec 2022
    Document language
    Main Topic
    Lending
    Document Number
    158215568
    Document Focus
    Environmental Information
    Project Number
    20210696
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - BALTIC POWER OFFSHORE WINDFARM - Connection Infrastructure
    Publication Date
    19 Jul 2023
    Document language
    Main Topic
    Lending
    Document Number
    169895976
    Document Focus
    Environmental Information
    Project Number
    20210696
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - BALTIC POWER OFFSHORE WINDFARM - Offshore Wind farms
    Publication Date
    19 Jul 2023
    Document language
    Main Topic
    Lending
    Document Number
    157596148
    Document Focus
    Environmental Information
    Project Number
    20210696
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - BALTIC POWER OFFSHORE WINDFARM - Offshore Wind farms (Polska wersja)
    Publication Date
    19 Jul 2023
    Document language
    Main Topic
    Lending
    Document Number
    157593948
    Document Focus
    Environmental Information
    Project Number
    20210696
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - BALTIC POWER OFFSHORE WINDFARM - Connection Infrastructure (Polska wersja)
    Publication Date
    19 Jul 2023
    Document language
    Main Topic
    Lending
    Document Number
    157590433
    Document Focus
    Environmental Information
    Project Number
    20210696
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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