Offshore wind energy company Ocean Winds has secured around €2 billion project finance and reached Financial Close for its first Baltic Sea offshore wind farm, BC-Wind.
BC-Wind is an offshore wind project developed by Ocean Winds in the Polish Exclusive Economic Zone of the Baltic Sea. Located approximately 23 kilometers north of the coastline, near the municipalities of Krokowa and Choczewo in the Pomeranian Voivodeship. The wind farm will comprise 26 turbines with a capacity of 14 megawatts (MW) each, equipped with the Power Boost feature that increases output to 15 MW, with a total planned capacity of up to 390 MW.
“Reaching financial close for BC-Wind is not only a milestone for the project, but also a milestone for the Polish offshore wind industry,” Kacper Kostrzewa, Managing Director for Poland at Ocean Winds. “It confirms that Poland is ready to deliver large-scale offshore wind projects with local expertise, technology, and determination. Together with our Polish suppliers, we are entering the next phase – the construction of a new wind farm in the Baltic Sea. This cooperation strengthens the development of local content and supports the integration of Polish companies into the offshore wind supply chain. This is not just an investment in energy – it’s an investment in a revitalized, competitive industry in Poland.”
The project finance of the Baltic Sea offshore wind farm is supported by the European Investment Bank (EIB), contributing to close to one third of the entire project finance, ICO (Instituto de Crédito Oficial Español) and 13 commercial banks.
Ocean Winds, which was established as a 50-50 joint venture between EDP Renewables and ENGIE, plans to begin construction in 2026 and deliver its first power in 2028 to nearly half a million Polish households. BC-Wind prioritizes local involvement. Numerous Polish companies are included in the project’s supply chain.
“In Poland, offshore wind energy is a key driver of the country’s energy transition and a real opportunity for the development of a revitalized economic sector,” said Bautista Rodriguez, Chief Operating Officer, at Ocean Winds. “At Ocean Winds, we are convinced that Poland has the potential to become a regional leader in offshore wind – both in terms of clean energy production and industrial capability.”
Over the past years, Ocean Winds has completed all required environmental and regulatory procedures. These include, among others, environmental decisions for both the offshore and onshore components, as well as permits for the construction of onshore infrastructure and for connection to the National Power System.
