ENGIE Announces Financial Closure of Its First Offshore Wind Farm in Poland
ENGIE, through its joint venture Ocean Winds, equally owned with EDP Renewables, has announced the financial closure of the BC-Wind project, its first offshore wind farm in Poland. This key milestone allows the group to move the project into its construction phase, supported by funding of approximately 2 billion euros. The structure is based on a solid consortium including the European Investment Bank, the Spanish Instituto de Crédito Oficial, and thirteen commercial banks, confirming confidence in this strategic offshore infrastructure.
Located in the Baltic Sea, 23 kilometers north of the Pomeranian coast, BC-Wind will deploy 26 turbines of 14 MW, equipped with Power Boost functionality allowing them to reach 15 MW, for a total capacity of up to 390 MW. ENGIE expects the production of the first megawatts by 2028, aiming to supply renewable electricity equivalent to the consumption of nearly half a million Polish households. The project also represents a strong local industrial commitment: it will be the first Polish offshore wind farm entirely executed from national ports, while cables, onshore infrastructures, and maintenance bases will engage a network of Polish suppliers.
Significance for ENGIE's Renewable Energy Strategy
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For ENGIE, BC-Wind represents an additional milestone in the development of offshore wind, a sector where the group claims nearly 19 GW of projects in operation, under construction, or in advanced development stages worldwide. This achievement is part of a dynamic of sustained investments in renewable energies, at the heart of the group's strategy and its goal of carbon neutrality by 2045.
SectorEnergie · Services aux collectivités · Électricité intégrée›Services multi-utilités
Context
Period
Period: 1T2026
Key reported figures
Revenue: 20,6Mds€
EBITDA: 4,7Mds€
Free cash flow: 3,0Mds€
35,2Mds€
Guidance from the release
ENGIE a réalisé un début d’année solide, marqué par une bonne performance financière.
Risks mentioned
Impact limité à date de la crise au Moyen-Orient sur nos activités.
Conditions difficiles dans la région du Moyen-Orient affectant nos actifs.
Opportunities identified
Finalisation de l’acquisition de UK Power Networks attendue.
Expansion dans les réseaux de transport électriques en Amérique latine.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
