The European Commission (EC) has approved Polish plans to allocate EUR194 million (USD212 million) of funds to support the construction of an offshore wind energy terminal in Gdańsk.
The terminal will be located at the Baltic Hub – Poland’s largest container port – and will facilitate the installation and servicing of wind turbines in the Baltic Sea as part of Poland’s plans to generate up to 51 percent of electricity from renewables by 2040.
The funds will be allocated as part of Warsaw’s national reconstruction plan, an implementation of the EU’s post-pandemic recovery and resilience facility. The total cost of the investment is estimated at EUR253 million (USD276 million), with Istrana – the company responsible for the development of the baltic hub – covering the remaining USD76.3 million.
EC approval was required for Poland to grant state aid to Istrana.
Construction will start at the beginning of the third quarter of this year and the terminal is expected to become operational in 2026. To accommodate the new facility, the Baltic Hub will be expanded by 21 ha.
