Latest Issue
 
Windtech International September October 2024 issue

 

FOLLOW US AT

follow

 

follow


The European Investment Bank (EIB) has approved the in-principle financing of the Baltica OWF project to be implemented by the PGE Group. The total financing package amounts to EUR 1.4 billion.
 
The project will consist of several stages. For each of the stages of the Baltica OWF (stages Baltica 2 and Baltica 3), there is one tranche to be disbursed in the Project Finance formula in the amount of up to EUR 350 million and one tranche to be disbursed based on guarantees from financial institutions, banks, or export credit agencies. PGE is building the Baltica OWF together with its Danish partner,  Ørsted. The project with a total capacity of approx. 2.5 GW, consists of two stages: Baltica 2, with a capacity of approx. 1.5 GW, which is scheduled to be commissioned in 2027, and Baltica 3, with a capacity of approximately 1 GW, which is planned to be commissioned by the end of this decade.
 
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.