Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
PGE confirmed it had obtained loans for its 50% share of Baltica 2 financing, including about PLN 6 billion in loans from Bank Gospodarstwa Krajowego (BGK), of which approximately PLN 5.5 billion comes from Poland’s National Recovery Plan. These BGK and NRP‑backed facilities form part of the project finance structure for Baltica 2, while Ørsted finances its share from its own capital.