PL Offshore Wind

hold

IFC is considering two senior loans to support the development, construction, and operation of two offshore windfarms (Baltyk II and Baltyk III) that are being developed through a Joint Venture between Equinor Wind Power and Polenergia S.A. (the “Projects”). Each of the two offshore wind power projects will comprise 50 wind turbines (i.e., 100 in total), an offshore substation and inter-array cabling, and will have an installed capacity of 720MW (1.44GW in total). Both projects will be located within the Polish Economic Exclusive Zone (EEZ), with Baltyk II covering an area of 122km2 located approximately 37km offshore and Baltyk II covering 117km2 located approximately 22km offshore. Two independent External Connection Infrastructure (ECI) systems will be constructed, one for each of the two projects, comprising 60km and 67km of offshore cable lines for Baltyk II and III respectively, and 14 km of parallel onshore underground cabling, and an onshore substation, for each of the projects. The majority of the offshore ECI will be within the Polish EEZ, with the nearshore sections being in territorial waters, and the onshore sections located within the municipalities of Utska and Redsiko in the Pomosrkie voivodship.  Facilities are currently being developed at the port of Leba, approximately 100 km west of Gdansk to serve as the operations and maintenance base for the projects and have therefore been considered as an associated facility. Additional temporary project infrastructure during construction will include workers accommodation, compounds, storage areas, site access roads, tracks etc.