Europe’s offshore wind sector gains momentum in 2025

Equinor and Polenergia have reached a final investment decision and secured financing for the Bałtyk 2 and 3 offshore wind farms in the Baltic Sea. The investment marks Poland’s second-largest offshore wind deal to date and forms part of a promising start to 2025 for the European offshore wind sector, which has already financed more capacity this year than in all of 2024. Meanwhile, the UK is looking to regain momentum following the cancellation of Hornsea 4, unveiling plans to strengthen regional industrial clusters across the country.