EIB Secures €2 Billion BC-Wind Offshore Project: Boosting Poland’s Clean Energy Transition

EIB Vice-President Teresa Czerwińska highlighted the bank's commitment to Poland’s energy transition, calling the investment a key step in accelerating climate-friendly infrastructure and supporting national energy security.

 

The European Investment Bank (EIB) has confirmed a €600 million financing package for the construction of BC-Wind, a 390 MW offshore wind farm in the Baltic Sea — making the bank the largest single lender to the project. Once operational, BC-Wind will generate enough renewable electricity to power nearly 500,000 Polish homes and businesses, strengthening Poland’s shift toward low-carbon energy and reducing dependency on fossil fuels.

Developed by Ocean Winds, a joint venture between global energy companies ENGIE and EDP Renewables (EDPR), the wind farm will be located more than 20 kilometres off Poland’s western coastline. The project has secured all required regulatory permits and a 25-year contract for difference (CfD), ensuring revenue stability for its long-term operation. Construction is expected to begin in 2026, with the plant scheduled to come online in 2028.

EIB Vice-President Teresa Czerwińska highlighted the bank's commitment to Poland’s energy transition, calling the investment a key step in accelerating climate-friendly infrastructure and supporting national energy security.

“BC-Wind will help reduce carbon emissions and reinforce energy sovereignty in Poland,” Czerwińska said, emphasizing that the project aligns with the EIB’s mission as the EU’s climate bank and strategic transition partner.

BC-Wind will feature 26 bottom-fixed offshore wind turbines, each capable of producing up to 15 MW — among the most powerful turbine models currently deployed in Europe’s offshore energy sector.

Ocean Winds Chief Operating Officer Bautista Rodriguez said the project represents not only a milestone in clean energy development but also a catalyst for Poland’s industrial ambition.

“Offshore wind is now a cornerstone of Poland’s energy transformation. With strong financial backing, including from the EIB, BC-Wind will support renewable energy production and stimulate domestic supply chains and workforce development,” he stated.

The project financing — estimated at approximately €2 billion — involves 15 international and European lenders, signalling growing investor confidence in Poland’s offshore wind sector.

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Part of a Growing European Strategy

The EIB’s contribution is backed by the InvestEU guarantee mechanism and aligns with the EU’s RePowerEU plan, created to accelerate renewable deployment and phase out imported fossil fuels. The investment also supports TechEU, a flagship initiative aimed at strengthening Europe’s leadership in critical technologies, including energy transition infrastructure.

The bank’s financial engagement reflects a broader regional strategy. In just 2025, the EIB has committed €1.7 billion across Poland’s offshore wind portfolio, including major developments such as Bałtyk 2 and Bałtyk 3 (1.44 GW) and the landmark Baltica 2 (1.5 GW) — Europe’s largest offshore wind farm under development. The bank also financed Poland's first offshore wind project in 2023.

With BC-Wind now funded and entering its next phase, industry experts say Poland is positioned to become a key offshore wind hub in Europe, with long-term economic benefits expected across engineering, maritime services, manufacturing, and the green workforce.