Polenergia S.A. has announced the execution of specialized financial transactions aimed at securing future financing for two major projects—the Baltic 2 and Baltic 3 offshore wind farms. These are so-called Deal Contingent Hedge transactions, designed to mitigate the risks associated with fluctuations in the EURIBOR interest rate.

The transactions were carried out between April 16 and 24, 2025, by the project companies responsible for the investments. They are conditional in nature—hedging will only be activated once certain conditions related to the commencement of project financing are met. The agreements secure approximately 90% of the planned exposure to interest rate risk.

The financial hedges were concluded on market terms, in line with common practices for such operations. These actions are part of Polenergia Group’s strategy to minimize financial risk and support stable growth.

The Baltic 2 and Baltic 3 offshore wind farms are being developed as part of the first phase of offshore wind energy development in Poland. The projects are located in the Polish exclusive economic zone of the Baltic Sea, at a distance of 22 to 37 kilometers from the coastline. The first electricity from the Baltic 2 and Baltic 3 wind farms is expected to flow into the grid in 2027, with commercial operation planned to begin in 2028.

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