PFR and Baltic Hub drive Poland's energy transition in the Baltic Sea

The Baltica 2 offshore wind farm in the Baltic Sea is a key element of Poland's energy transition. As the largest renewable energy project in the country, it significantly enhances Poland's energy security and expands its maritime potential. The investment will enable the production of green energy for approximately 2.4 million households. The Polish Development Fund (PFR) plays a fundamental role in the implementation of this groundbreaking project through its investment in Terminal 5 (T5) at the Baltic Hub port in Gdańsk.

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11 february 2025   |   20:20   |   Source: PAP / Gazeta Morska   |   Prepared by: Kamil Kusier   |   Print

fot. Polska Fundacja Rozwoju

Investment in Poland’s energy security

The construction of the Baltica 2 offshore wind farm is expected to be completed by 2027. The project is being developed by Polska Grupa Energetyczna (PGE) and the Danish company Ørsted, with the Polish Development Fund (PFR) driving the necessary infrastructure through its investment in Terminal 5 (T5). The project has been made possible thanks to funding from the National Recovery Plan (KPO).

The T5 investment, in which the PFR FI FIZAN Fund is involved, includes converting 21 hectares of the Baltic Sea into land to construct a deep-water terminal with an 800-meter-long quay and a depth of 17.5 meters. The first terminal of its kind in this part of the Baltic, it will accommodate installation and supply vessels and be used for the storage, pre-installation, and assembly of wind turbines before their offshore installation. The terminal is being developed with the support of Baltic Hub, leveraging the expertise and know-how of its engineers.

Terminal 5 - a major milestone achieved

The construction of Terminal 5 is a large-scale investment. In January 2025, a significant milestone was reached with the completion of dredging works. Nearly 1 million cubic meters of material were removed to prepare the site for the artificial island. To date, almost 50 steel piles have been driven into the seabed to form the foundation of the future quay structure. The project is expected to be completed in the third quarter of 2026.

PFR Group driving the energy transition

Through financial and advisory support for renewable energy and green technology projects, PFR contributes to building a modern and sustainable economy while helping Polish businesses adapt to new environmental challenges.

- The energy transition is not just about changing energy sources but also an opportunity to develop the national value chain and strengthen the Polish economy. Key investments, such as the construction of Terminal 5, contribute to this potential, says Mikołaj Raczyński, vice president of the Polish Development Fund.

Another example of PFR’s commitment to clean energy investments is its involvement in green bonds by acquiring R.Power’s green bonds. The funds will be used to develop photovoltaic farms in Poland, increasing the share of solar energy in the country’s energy mix and supporting economic decarbonization.

Support instruments available for businesses and local governments in their energy transition journey include guarantees, funding, and advisory assistance.

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