The first Polish offshore wind farm, being built in the Baltic Sea about 23 km from shore off Choczewo and Łeba by a joint venture company in which Grupa ORLEN holds 51% and Canada's Northland Power 49% of shares. The project, with a capacity of about 1.1–1.2 GW, comprises 76 Vestas turbines with a unit capacity of 15 MW, and its total budget was estimated at about EUR 4.73 billion, with project finance from 25 institutions. Construction began in October 2023; on 10 July 2026 the farm delivered electricity to the Polish grid for the first time, with 54 of 76 turbines installed, and full commercial operation is planned for the second half of 2026.
How it went
Assessment: too early to assess. Signals only where documented.
Timeline
- Construction startOct 2023
- Original date2026
- Current date2026
Change history
- 10 Jul 2026stage: commissioning
- 11 Oct 2023stage: construction
Significance
Once fully operational, the farm is to supply clean electricity for more than 1.5 million households in Poland. As the first offshore wind farm in the Polish part of the Baltic Sea, it opens a new sector of the national power industry and is the largest project of its kind completed so far in Central Europe.
Sources 10 · 3 archived
Every fact on this card comes from the sources below. Next to each source — which fields it supports.
- Northland Power10 Jul 2026StatusStageStage historyCurrent dateInvestor
Status„on track for commercial operations in the second half of 2026"
Stage„Northland's Baltic Power Reaches First Power Delivering First Offshore Wind Electricity to Poland's Grid"
Investor„owned 49% by Northland and 51% by ORLEN"
locations„approximately 23 kilometres off the Polish coast near Choczewo and Leba"
- Baltic PowerDescriptionSignificance
Significance„supply clean electricity to more than 1 ,5 million households in Poland"
- Baltic Power11 Oct 2023CostConstruction startOriginal dateStage history
Cost„The overall project budget is estimated at approximately EUR 4.73bn"
Construction start„Baltic Power embarks on construction of Central Europe's largest green energy project"
Original date„Within three years, we will launch the first offshore wind farm in Poland"
Stage history„The FID means that with all the requisite construction permits in place, all key components contracted and financing secured, the project is primed for execution."
- SSW doradzalo Baltic Power przy finansowaniu i rozwoju pierwszego w Polsce projektu morskiej energetyki wiatrowej o wartosci 4,7 mld euro ↗archived ✓SSW Pragmatic Solutions22 Sep 2023cost.fundingOriginal dateInvestor
cost.funding„Finansowanie o wartosci ponad 4,4 mld EUR zostanie zapewnione przez grupe 25 instytucji finansowych"
Original date„Budowa farmy wiatrowej rozpocznie sie w 2023 roku, a projekt ma zostac uruchomiony w 2026 roku."
- domestic_share
domestic_share.pct„According to current estimates, the project's local-content ratio will reach at least 21% over the farm's entire lifecycle"
- funding_sources[5]
funding_sources[5]„the CfD is awarded at PLN 319.60 per MWh for up to 25 years and is adjusted to annual indexation by Poland's annual average consumer price index."
- funding_sources[0]funding_sources[1]funding_sources[3]
funding_sources[0]„Green Giraffe Advisory has advised the sponsors, Northland Power and ORLEN, on the EUR 4.4 bn non-recourse project financing consisting of EUR 3.6 bn of term loan facilities and EUR 0.8 bn of ancillary facilities for the 1.14 GW Baltic Power offshore wind project. The debt financing for Baltic Power, which was signed on Wednesday, 19 September, is being provided by 25 banks including the European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) and the export credit agencies EDC (Export Development Canada), EIFO (Export and Investment Fund of Denmark) and Germany's Euler Hermes as well international and local commercial banks."
funding_sources[1]„The debt financing for Baltic Power, which was signed on Wednesday, 19 September, is being provided by 25 banks including the European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) and the export credit agencies EDC (Export Development Canada), EIFO (Export and Investment Fund of Denmark) and Germany's Euler Hermes as well international and local commercial banks."
- funding_sources[2]
funding_sources[2]„The European Bank for Reconstruction and Development (EBRD) is supporting the development of Poland's renewable energy capacity by extending a €140 million loan to Baltic Power to finance the construction of the country's first offshore wind farm."
- funding_sources[4]
funding_sources[4]„The project financing amount of $5.2 billion represents 80 per cent of Baltic Power's $6.5 billion projected total capital cost (inclusive of contingencies). The remaining capital will be contributed by the project partners at financial close and has already been secured. Baltic Power is a 1.1 gigawatt (GW) offshore wind project being developed as a joint venture between Northland Power (49 per cent) and Orlen S.A. (51 per cent)."