Phoenix, AZ, February 11, 2025 –Artley Finance (HK) Limited, a leading trade finance specialist and international project financier, has successfully arranged €284 million in financing for the Baltica 5 offshore wind farm project (1,170 MW) in Poland.
This financing, secured through a Standby Letter of Credit (SBLC), underscores Artley Finance’s commitment to providing innovative and secured financial solutions for major infrastructure and energy projects.
Securing Poland’s Renewable Future
The Baltica 5 offshore wind farm, sponsored by Polish energy firm PGR, will be a significant addition to Poland’s renewable energy infrastructure. Set to be operational by 2028, the project will utilize the Gdańsk Port for storage, pre-assembly, and offshore installation of wind turbine components, reinforcing Poland’s push toward sustainable energy sources.
With a planned capacity of 1.1 GW, Baltica 5 will generate enough clean energy to power over 2 million Polish households, making it one of the largest renewable energy projects under development in the Baltic Sea.
Artley Finance’s Strategic Role
Artley Finance (HK) Limited, a trusted SBLC provider incorporated in 1982, acted as the Mandated Lead Arranger for this transaction, leveraging its extensive expertise in structured finance, SBLC financing, and cross border trade finance solutions. This deal highlights the firm’s ability to structure complex, high-value financial instruments while ensuring robust risk management and security for stakeholders.
A Commitment to Global Renewable Energy Financing
Dr. Wang Lee, Member of the Management Board at Artley Finance (HK) Limited, stated: “The Baltica 5 project reaffirms Artley Finance’s position as a global leader in offshore wind financing. Our commitment to supporting renewable energy infrastructure remains steadfast, and this transaction paves the way for further offshore wind investments across Europe and beyond.”
The project will feature Siemens Gamesa SG 14-222 turbines and major foundation deliveries from German manufacturers Steelwind Nordenham and EEW. As Poland accelerates its transition to green energy, the successful financing of Baltica 5 will play a crucial role in reducing reliance on fossil fuels and strengthening the country’s energy independence.