Rymarz Zdort Maruta advises Ocean Winds in connection with financing of BC Wind Offshore Wind Farm project in Poland, valued at nearly EUR 2 billion.

We are pleased to announce that we advised Ocean Winds in connection with securing approximately EUR 2 billion in project financing from a consortium of international financial institutions (including the European Investment Bank and Instituto de Crédito Oficial), 13 commercial banks (both international and local) and hedge providers to develop the BC Wind offshore wind farm, with a capacity of up to 390 MW.

This project is among the first large-scale offshore wind projects in the Polish part of the Baltic Sea to advance to the construction phase and represents Ocean Winds’ inaugural project in Poland.

Once operational, BC Wind will generate electricity capable of powering nearly 500,000 homes each year and supporting the country’s energy transition and alignment with EU climate targets. The project is expected to contribute to further investment in Polish renewables, strengthen local supply chains and create new jobs in the region. BC Wind has a 25-year Contract for Difference which was awarded by Poland’s Energy Regulatory Office.

Rymarz Zdort Maruta advised Ocean Winds in connection with the transaction as the Polish counsel, alongside Orrick which acted as international counsel.

Ocean Winds is a 50-50 joint venture of EDP Renewables and ENGIE, and is global leader in offshore wind development.

“We are proud to have supported Ocean Winds on this milestone project for the Polish economy, acting as local counsel alongside Orrick as international counsel, and Crédit Agricole CIB as financial advisor. Our involvement in this successful transaction highlights Rymarz Zdort Maruta’s market-leading expertise in offshore wind projects and underscores our active role in shaping the Polish offshore sector from its very beginning.” said Łukasz Lech (partner).

The Rymarz Zdort Maruta team was led by Łukasz Lech (partner), Marek Durski (partner) and Jakub Rachwol (partner), with valued support from Marcin Gruszka (counsel), Adrian Augustyniak (counsel), Andrzej Granat (senior associate), Maksymilian Kaszubowski (associate), Barbara Gawin (associate) and Natalia Martynowicz (associate).