Fid Financial Close

DELAYED +5yr (May 2026): Original event_date 2023-12-31 (sourced Sept 2022) referenced the Baltica 3 FID being 'planned in 2023' under the original plan where Baltica 3 was the lead phase. That plan has been reversed: per PGE/Orsted's Feb 2025 announcement and PGE Baltica's 'Key information about our projects' page, only Baltica 2 (1.5 GW) reached FID (Jan 2025); Baltica 3 (1.036 GW) is now the later phase 'to be commissioned by 2030'. No FID has been taken on Baltica 3 as of May 2026. Realistic FID window 2027-2028 to leave 2-3 years construction runway before the COD-by-2030 target. Going to year-end 2028 with year precision and low likelihood pending an Orsted-PGE announcement specific to Baltica 3. --- As of September 2022, project documentation for Baltica 3 indicated that financial close was planned for 2023. The article describing a geophysical and 3D Ultra High-Resolution Seismic survey for the Baltica 2 and Baltica 3 sites states that the 1,045 MW Baltica 3 offshore wind farm is scheduled for commissioning in 2026, with closing of financing for the investment planned in 2023. This reflects the developers’ then-current timetable for securing full project financing and/or taking final investment decision for Baltica 3. Subsequent sources in the provided material do not confirm that this milestone has occurred, so it remains a planned (not yet achieved) target date in the project’s earlier schedule.