BALTYK II & BALTYK III OFFSHORE

Promoter – Financial Intermediary

MFW BALTYK II SP ZOO,MFW BALTYK III SP ZOO

Location

• Poland

Description

The project concerns the design, implementation and operation of two very large-scale, fixed-bottom offshore windfarms (Baltyk II and Baltyk III) with a capacity of up to 720 MW each, located off the Ustka-Leba coast of Northern Poland.

Objectives

The offshore wind farms will primarily reduce carbon and air pollution emissions, which are externalities the market fails to address. By supporting the introduction in the market of new variable renewable generation technologies, the project will fill a market gap in the development of new renewable capacity.

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

not disclosed

Total cost (Approximate amount)

not disclosed

Environmental aspects

Wind farms adhere to the national legislation having transposed Annex II of Environmental Impact Assessment (EIA) Directive 2014/52/EU (amending EU Directive 2011/92/EU), thereby leaving it to the competent authority to determine if an EIA is mandatory. Given the projects size, the competent authority required an EIA to be conducted. Compliance of the authorisation process with relevant EU Directives will be verified during appraisal.

Procurement

It is provisionally understood that the promoters, which are two Special Purpose Vehicles (SPV), are neither a contracting authority nor a public undertaking (in the sense of the EU procurement policies). The promoters do not seek to operate on the basis of special or exclusive rights granted by a competent authority in relation to this project. This will be confirmed during appraisal.

Status

Approved - 6/11/2024