Pekao Investment Banking and Green Giraffe team up for huge offshore wind financing projects

PKN Orlen and Northland Power, the owners of the Baltic Power offshore wind project in Poland, have appointed a consortium comprising Polish company Pekao Investment Banking and the international financial advisory firm Green Giraffe as a financial advisor for their 1.2 GW offshore wind farm.

The two companies will be responsible for developing a complete concept of raising funds for the project along with an execution schedule. The consortium will also assist in the preparation of the required documentation and will establish contracts with potential partners.

“The consortium we have selected combines two features that are vital to us – in-depth knowledge of the Polish market and a long track record of raising capital for offshore wind projects. Financing large-scale offshore projects is still new to local financial institutions. The combined knowledge and experience of the two companies will help with effective fundraising and will set the course for the financing of similar ventures in the Baltic Sea”, said Jarosław Broda, President of the Baltic Power Management Board.

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