Equinor Secures Funding for Bałtyk Offshore Projects
Deal News | May 23, 2025 | Equinor ASA
Equinor ASA, along with its joint venture partner Polenergia, has secured project financing for the Bałtyk 2 and Bałtyk 3 offshore wind farms. Each of these projects has obtained over EUR 3 billion in financing, marking a significant financial close for both ventures. The collaboration reflects a strategic investment in renewable energy, emphasizing the partners' commitment to sustainable power generation in the Baltic Sea region.
Sectors
- Renewable Energy
- Financial Services
Geography
- Poland – The Bałtyk 2 and Bałtyk 3 offshore wind projects are located in the Baltic Sea, off the coast of Poland.
- Norway – Equinor ASA, one of the joint venture partners in the project, is based in Norway.
Industry
- Renewable Energy – This industry encompasses the Bałtyk 2 and Bałtyk 3 offshore wind projects, which are focused on generating sustainable energy.
- Financial Services – The industry involved in arranging the project financing packages exceeds EUR 6 billion collectively for the Bałtyk projects.
Financials
- Over EUR 3 billion for Bałtyk 2 – The financing package secured for the Bałtyk 2 offshore wind project.
- Over EUR 3 billion for Bałtyk 3 – The financing package secured for the Bałtyk 3 offshore wind project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Equinor ASA | Joint Venture Partner | Company | A Norwegian energy company focusing on both traditional and renewable energy projects. |
| Polenergia | Joint Venture Partner | Company | A Polish energy company involved in renewable energy projects within the region. |