Ocean Winds, a joint venture between EDP Renewables and ENGIE, has reached Financial Close for its first offshore wind farm in the Baltic Sea — the 390 MW BC-Wind project in Poland. Around €2 billion in project finance has been secured, confirming readiness to move from development into construction.
The financing package is supported by the European Investment Bank (EIB), which is contributing close to one-third of the total, alongside Spain’s ICO and 13 commercial banks. The investment underscores strong confidence in Poland’s growing offshore wind industry and the long-term stability of renewables in the region.
Clean energy for nearly half a million homes
Once operational in 2028, BC-Wind will generate enough clean electricity to power approximately 500,000 Polish households each year. Located 23 km north of the Pomeranian coast, near Krokowa and Choczewo, the project will consist of 26 turbines rated at 14 MW each (boosted to 15 MW), mounted on bottom-fixed foundations.
Bautista Rodriguez, Chief Operating Officer at Ocean Winds, said: “Offshore wind is a key driver of Poland’s energy transition and a catalyst for industrial renewal. Supported by partners such as the EIB, BC-Wind is a major step toward increasing renewables in the national energy mix.”
Boosting Poland’s local supply chain
The project places strong emphasis on national content. Polish company P&Q will design and build the onshore substation and export-cable route, while Tele-Fonika Kable will supply and install the transmission cables from its Bydgoszcz plant. A new service base will be constructed in Władysławowo, with Świnoujście serving as the marshalling port for foundations and Gdańsk for turbine assembly.
Kacper Kostrzewa, Managing Director Poland at Ocean Winds, said: “This milestone shows that Poland is ready to deliver large-scale offshore wind with local expertise and technology. BC-Wind strengthens domestic supply chains and supports the creation of a competitive, low-carbon industry.”
Delivering long-term impact
All environmental and regulatory procedures have been completed, including permits for onshore infrastructure and grid connection. Construction is set to begin in 2026. The EIB’s Vice-President Teresa Czerwińska said the bank’s loan reflects its “commitment to climate action, competitiveness and Europe’s strategic sovereignty.”
