Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
The European Investment Bank (EIB) signed the first loan tranches for the BALTYK II & BALTYK III OFFSHORE project on 20 May 2025. Two signatures of EUR 350 million each were executed that day, providing a total of EUR 700 million in long‑tenor debt financing to support construction of the Bałtyk 2 and Bałtyk 3 offshore wind farms off the Ustka‑Łeba coast. The EIB documentation indicates a proposed total EIB contribution of EUR 1.4 billion against an approximate total project cost of EUR 6.519 billion. These initial signatures represent a major portion of the development‑bank backing for the projects and complement the wider commercial bank syndicate arranged under the project‑finance structure.