EIB contributes €400 million to building the EU's largest offshore wind farm
Denmark, Jan. 30 -- The European Investment Bank (EIB) signed an agreement to support Poland's largest utility Polska Grupa Energetyczna (PGE) with a €400 mln loan towards the design and construction of Baltica 2, the European Union's largest offshore wind farm to date. Baltica 2 will feature innovative technology for a 1.5 GW capacity and sit off the Polish coast in the Baltic Sea. Supported by major European funding, it is being developed by PGE and leading offshore wind company, Denmark's Orsted.The EIB loan is the biggest own resources contribution by a financial institution to the project. It is also the first part of a €1.4 bln package approved by the European Union's climate bank to support PGE and Orsted in erecting two ...
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