Warsaw, 1 December 2025 – Ocean Winds has reached Financial Close for its BC-Wind project in Poland, securing around €2 billion in project finance to build a 390 MW fixed-bottom offshore wind farm in the Baltic Sea. The project is now ready to shift from development into the construction phase.
Ocean Winds is an international offshore wind company created as a 50–50 joint venture between EDP Renewables and ENGIE. BC-Wind is the company’s first offshore wind farm in the Baltic Sea and is located within the Polish Exclusive Economic Zone.
The project finance package for BC-Wind is supported by the European Investment Bank (EIB), which is providing close to one third of the total project finance, together with ICO (Instituto de Crédito Oficial Español) and 13 commercial banks. This lender group underlines the long-term profile of the project finance structure.
The wind farm is expected to deliver its first power in 2028 and, once fully operational, will supply clean, zero-emission electricity to nearly 500,000 Polish households.
According to Bautista Rodriguez, Chief Operating Officer at Ocean Winds, offshore wind is central to Poland’s energy transition and also offers an opportunity to develop a more competitive industrial base. He said the BC-Wind project, backed by financial partners such as the EIB, is Ocean Winds’ contribution to increasing the share of renewables in Poland’s energy mix.
Kacper Kostrzewa, Managing Director for Poland at Ocean Winds, said that achieving financial close for BC-Wind marks an important step for both the project and the wider Polish offshore wind industry. He noted that the transaction shows Poland is ready to deliver large-scale offshore wind projects using local expertise, technology and suppliers, and that cooperation with Polish companies will help build local content and integrate domestic firms into the offshore wind supply chain.
From the financing side, Teresa Czerwińska, Vice-President of the EIB, stated that the bank’s long-term loan for the construction and operation of BC-Wind fits its role as the European Union’s climate bank. She highlighted that BC-Wind is expected to contribute to lower carbon emissions in Poland and support energy security for households and businesses.
National participation is a core feature of BC-Wind, with many Polish companies involved in the project’s supply chain. Onshore construction is scheduled to begin in 2026. Polish company P&Q will design and build the onshore substation and the export cable route. Power will reach the onshore substation via cables designed and installed by Tele-Fonika Kable, based in Bydgoszcz.
In parallel, Ocean Winds will establish a service base in Władysławowo. The project will be the first offshore wind farm in Poland to be fully delivered via Polish ports, with Świnoujście used as the marshalling harbour for foundations and Gdańsk serving as the port for wind turbine operations.
Over recent years, Ocean Winds has secured all necessary environmental and regulatory approvals for BC-Wind, including environmental decisions for offshore and onshore components, permits for onshore infrastructure, and authorisation for connection to the National Power System.
BC-Wind is located about 23 km north of the Polish coastline, near the municipalities of Krokowa and Choczewo in the Pomeranian Voivodeship. The wind farm will comprise 26 turbines, each with a 14 MW nominal capacity and equipped with a Power Boost function that can increase output to 15 MW, for a total planned capacity of up to 390 MW.
