Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
As part of financing its 50% share in Baltica 2, PGE secured substantial concessional and development-bank loan support arranged through Bank Gospodarstwa Krajowego (BGK). In connection with the FID announcement, BGK confirmed that PGE would receive about PLN 5.5 billion in loans sourced from Poland’s National Recovery Plan, plus an additional PLN 530 million BGK loan, totalling roughly PLN 6 billion. These facilities form a key component of PGE’s project finance structure alongside other loans from 24 Polish and international financial institutions, while Ørsted finances its portion from own capital.