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Green Giraffe has been appointed alongside Pekao Investment Banking to arrange non-recourse debt financing for the up to 1.2 GW Baltic Power offshore wind farm.
The project will be located 23 km north of the Polish coastline, near the towns of Choczewo and Łeba. Construction of the wind farm is planned to start in 2023, with COD in 2026. Baltic Power is part of the first 5.9 GW round of offshore wind projects in Poland and obtained a grid connection and 25-year fixed CfD in the first half of 2021.