Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Around the time of FID, Baltica 2 secured a major project finance loan package. According to PGE, the project obtained PLN 11.1 billion (approximately EUR 2.6 billion) in loans from a consortium of 24 Polish and international financial institutions, including the European Investment Bank and the European Bank for Reconstruction and Development. This long-term debt financing supports the construction of the 1.5 GW offshore wind farm and complements equity contributions from PGE and Ørsted, forming a core part of the roughly PLN 30 billion overall project budget.