KfW IPEX-Bank - Financing for the Baltyk 2 and Baltyk 3 offshore wind farms in Poland
Germany, May 23 -- KfW IPEX-Bank is contributing to the financing of the Polish offshore wind farms Baltyk 2 and Baltyk 3 (740 MW each) in a leading role as part of a club of 30 commercial banks, international financial institutions and export credit agencies.As Mandated Lead Arranger, KfW IPEX-Bank is one of the largest lenders in the two financings of around EUR 3 billion each. It also acts as Euler Hermes Agent for 20 banks in the club. The sponsors of the project are the leading Norwegian multinational energy company Equinor and Poland's largest private energy group Polenergia.Baltyk 2 is located around 37 kilometers, Baltyk 3 around 22 kilometers off the Polish coast. The two wind farms are scheduled to go into operation in 2028 and to...
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