Green Giraffe advised PGE in the 50% sale of the Baltica 2 and 3 offshore wind projects to Ørsted, totalling approximately 2.5 GW in the Polish Baltic Sea
Green Giraffe advised PGE in the 50% sale of the Baltica 2 and 3 offshore wind projects to Ørsted, totalling approximately 2.5 GW in the Polish Baltic Sea.
Green Giraffe advised on the structuring as well as bankability aspects of the projects. The projects are amongst the furthest developed in the Polish Baltic Sea, and are expected to be able to secure a direct CfD under the new Polish offshore wind act. Financial close for Baltica 3 and Baltica 2 is envisaged for 2023 and 2024 respectively.