Société Générale wins 8.5 million pln financial advisory deal for 3 offshore windfarms

Polska Grupa Energetyczna (PGE) has selected Société Générale as a financial advisor to arrange and obtain financing for the construction of the Baltica 2 and Baltica 3 offshore wind farms, the company said. The contract value is PLN 8.5 million.

“The selection of a financial advisor for the Baltica 2 and Baltica 3 offshore wind farm construction project in the Baltic Sea is another step in the implementation of the PGE Group’s Offshore Program. Cooperation with an institution with an established position on the European financial market, such as is Société Générale, proves that PGE, being the largest electricity company in Poland, enjoys the trust of financial institutions, ”said President Wojciech Dąbrowski.

5 contractors submitted applications for admission to the procedure, and finally PGE received offers from 3 contractors in the procedure. The prices of all submitted bids were within the contracting authority’s budget, and the best bid of PLN 8.5 million was submitted Société Générale. The contract with the selected contractor will be concluded after the expiry of the 10-day deadline for lodging an appeal.

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