Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
Construction update — Q1 2026 status snapshot (30 April 2026) Progress: subsea rock installation phase 1 complete; onshore export cable route majority installed; onshore substation transformers delivered (2 × 450 MVA, 352 t each); O&M base Łeba final stage; turbine tower production started for Bałtyk 2. This period: Equinor and Polenergia reported that the first phase of the offshore subsea rock installation campaign (initiated January 2026, more than one million tonnes total programme to protect export and inter-array cables and turbine foundations) had been completed by end of Q1 2026; the first two 450 MVA transformers had been delivered to the Pęplino onshore substations near Ustka; HDD trenchless drilling at the landfall section was underway; recruitment of the operational team was active. Forecast next phases: offshore installation campaign starting "shortly" with monopiles and transition pieces, followed by export and inter-array cable installation in subsequent months; first power expected 2027; full commercial operation 2028. Grid connection completion: 220 kV line "close to 80%"; 400 kV line "approximately 90%". Active scope: fabrication and phased-transport preparations ongoing at numerous facilities in Poland and abroad for monopiles, transition pieces, subsea cables and OSS components. Source: Equinor / Polenergia press release "The Bałtyk 2 and Bałtyk 3 offshore wind farms are growing fast both onshore and offshore", 30 April 2026.