The European Investment Bank (EIB) has emerged as the main financier behind BC-Wind, a new 390 MW offshore wind farm being developed by Ocean Winds, a joint venture between EDPR and ENGIE. Located over 20 kilometres off Poland’s western coast in the Baltic Sea, the project is set to start production in 2028, supplying nearly half a million households and businesses with clean electricity.
With a €600 million contribution, the EIB becomes the largest lender to the project, marking the fourth major offshore wind initiative it has backed in Poland, and the third one signed this year alone.
“The EIB’s persistent commitment to supporting climate action, economic competitiveness, and Europe’s strategic sovereignty stands behind this long-term loan for BC-Wind,” said EIB Vice-President Teresa Czerwinska. “As the EU climate bank, we are a trusted partner for Poland’s ambitious energy transition, from renewables and grid modernization to energy efficiency and affordability. BC-Wind will reduce Poland’s carbon emissions and ensure energy security for people and businesses.”
BC-Wind will feature 26 bottom-fixed turbines, each with a maximum capacity of 15 MW. Ocean Winds has already secured all necessary permits and a 25-year contract for difference to support future electricity sales. On 1 December, the company announced the signing of an approximately €2 billion financing agreement with 15 lenders, allowing construction to begin in 2026.
“In Poland, offshore wind is a key driver of the country’s energy transition and a real opportunity for revitalizing the local economy,” said Bautista Rodriguez, COO at Ocean Winds. “With support from key financial partners such as the EIB, BC-Wind contributes to increasing the share of renewables in Poland’s energy mix and strengthens the country’s position as a regional leader in offshore wind production and industrial capability.”
The EIB has a longstanding relationship with Ocean Winds, having previously supported a pilot floating offshore project in France. Financing for BC-Wind is backed by the EU’s InvestEU guarantees and the RePowerEU plan, aimed at reducing dependence on fossil fuel imports by accelerating the green transition. EIB support also falls under TechEU, a program designed to reinforce Europe’s technological leadership, particularly in the energy sector.
The EIB’s involvement has been critical in mobilizing strategic capital and stimulating market interest in Poland’s offshore wind industry. In 2025 alone, the bank supported the Ba?tyk 2 and Ba?tyk 3 wind farms (1.44 GW combined) and the 1.5 GW Baltica 2, the EU’s largest offshore wind park to date. Overall, the EIB invested €1.7 billion in Polish offshore wind energy this year, continuing its role as a leading financier of the sector.