1.14 GW
of total capacity
Baltic Power is Poland’s first offshore wind project to reach financial close.
Technical Advisory & Construction Monitoring for Baltic Power
Project Overview
The Baltic Power offshore wind farm, located in the Baltic Sea approximately 23km from the North Polish coast near Łeba, is a visionary project with a planned capacity of 1.14GW.
Construction of the wind farm has already commenced, with a projected completion date in 2026, operating for a minimum of 30 years. The project benefits from Contract for Difference (CfD) support, awarded in the first round of CfDs under the Polish government’s Offshore Wind Act.
A syndicate of 25 financial institutions have approved EUR 3.78 billion in debt provision to finance the project's construction, marking the first offshore debt financing transactions in Poland. The successful financing of this project is poised to make a substantial contribution to Poland's ambitious offshore wind target, with a projected installed capacity of up to 11GW by 2040.
3.78 billion
EUR
A syndicate of 25 financial institutions have approved EUR 3.78 billion in debt provision to finance the project's construction.1.5+ million
homes
Once operational, it is expected to provide clean energy to more than 1.5 million Polish households annually.Lender's Technical Advisor (LTA)
Location: Blatic Sea, Poland
Year of completion: 2023
Client: Northland Power
Service provided: Conducted comprehensive pre-construction technical due diligence covering all aspects of project design, permitting, and construction readiness.
Choosing Ramboll
The Ramboll team (then still K2 Management, which was acquired by Ramboll in 2024) played a key role in enabling the project to reach this important milestone, acting as the Lender’s Technical Advisor (LTA) to support project sponsors and a syndicate of 25 financial institutions during the project’s successful EUR 3.78 billion debt financing process — Poland’s first offshore wind project finance transaction.
The team conducted comprehensive pre-construction technical due diligence covering all aspects of project design, permitting, and construction readiness.
“The team’s expertise in due diligence, understanding of banks’ lending requirements, and extensive track record in global offshore wind projects has been vital in ensuring that this potential is being realised.”
Oliver Cass
Financial Director at
Dogger Bank Wind Farm
Meet our Transaction Advisory team
With more than 10 years of experience, 100+ transaction advisors, and hundreds of successful projects, Ramboll's Transaction Advisory is firmly established in the wind energy sector.
Trusted by leading companies including Equinor, Northland Power, SSE, Mitsui, Ocean Winds, and RWE, we deliver expert advisory services across Europe, the UK & Ireland, Asia-Pacific, and the Americas - supporting our clients wherever they are.
Reach out to our expert team if you’d like to discuss how Ramboll can help you along your project.
About Ramboll
Who we are
Ramboll is a global architecture, engineering, and consultancy company, delivering expertise and sustainable solutions. Founded in Denmark in 1945, Ramboll today operates across 35 countries and employs 18,000 experts.
We combine deep local insight and experience with a global knowledge base to create sustainable societies and drive positive change for our clients.
Based on more than 35 years of experience in the wind industry, we offer a full range of services that cover the entire life cycle of a wind farm, from planning and project development to design, procurement, implementation, operation & maintenance, and finally to decommissioning.
Our interdisciplinary team of more than 900 off- and onshore wind experts are at the forefront of innovative energy solutions, offering a breadth of experience in both established technology and emerging concepts.
Our portfolio includes the successful completion of off- and onshore wind projects in more than 40 countries.
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