Baltic Power — partly operational / under construction

Published cost and electrical output

Project cost / investmentAbout EUR 4.05 billionCost scopePublished project capex including insurance, excluding the separately described financing/reserve componentsCost source date2024-02-23Electrical generating capacity1,140 MW — 76 operator-reported turbines × 15 MW; corroborated by inventory ratingVerified project stagePartly operational / under construction

Project-specific research

Baltic Power publishes approximately €4.05 billion capital expenditure including insurance within an approximately €4.73 billion total budget. The larger budget also includes financing costs and reserve; the €4.4 billion credit package is not used as construction cost. The generating project has 76 turbines rated 15 MW each, totaling 1,140 MW; it is reported under construction in the August inventory.^[2][3][4]

Published project-specific cost for Baltic Power: EUR 4.05e+09. Basis: Published project capex including insurance, excluding the separately described financing/reserve components. Published electric generating project rating for Baltic Power: 1140 MW. Basis: 76 operator-reported turbines × 15 MW; corroborated by inventory rating.^[2]

Northland Q2 2026 update confirms Baltic Power first power, 61 of 76 turbines installed, 15 generating and construction/commissioning ongoing. Full commercial operations remain a second-half 2026 target; costs are aligned with original expectations.^[3]

Operator forecasts 4,000 GWh yearly electricity production; this is expected annual energy, distinct from rated MW.^[4]

Scope and evidence

Retained only with documented physical construction, commissioning or 2025–2026 opening and published project-specific costs and electrical output. Costs use the published scope and currency; no benchmark estimates or currency conversions. MW is power capacity, not annual electricity production. Expected annual energy, where given, is a forecast. The map point is a reported plant/project location and may be approximate. Matching inventory views and excluded expansion proposals are not additive capacity.