EIB: a €600 M financing to the construction of BC Wind, a 390 MW offshore wind farm in Poland

€600 M: this is the total investment of EIB in the construction of BC-Wind, a 390 MW offshore wind windfarm in the Baltic Sea set to supply nearly half a million Polish households and businesses with clean power. Developed by Ocean Winds, an ENGIE and EDPR (EDP Renewables) joint venture, the wind farm will sit over 20 kilometres off Poland’s western coast and is expected to start production in 2028.

BC-Wind will consist of 26 bottom-fixed turbines, each with a maximum capacity of 15 MW. Ocean Winds has already secured all of the required permits, as well as a 25-year contract for difference to underpin future sales. On 01/12/2025, the company announced the sealing of an around €2 billion financing agreement with 15 lenders, with the EIB providing the largest part of the total investment.

The EIB, ENGIE and EDPR are regular collaborators, and the EU’s development bank previously also supported an Ocean Winds’ pilot floating offshore project in France (Les Éoliennes Flottantes du Golfe de Lion (EFGL). Financing for BC-Wind is underpinned by the European Union’s InvestEU guarantees…