The new agreement, worth approximately €400 million, brings the total financing secured from the EIB to around €820 million, marking the largest support package ever granted by the bank in Poland.

The funds will be invested by Energa Operator, a company within the Orlen Group, to improve the reliability and efficiency of electricity supply and to expand the capacity for integrating renewable energy sources.

“This record-level financing from the European Investment Bank reflects strong confidence in our development strategy.

We are implementing an ambitious yet well-defined plan that not only delivers value to our shareholders, but also supports the broader economy.

The EIB funds will go toward strengthening our electricity distribution network, including the construction of new power lines and the connection of new customers, especially prosumers generating their own renewable energy.

These investments will be managed by Energa Operator, which, thanks to the financing secured by Orlen, is well-equipped to reinforce its leadership in Poland's energy transition,” said Magdalena Bartos, Orlen's Vice President of the Management Board and Chief Financial Officer.

Orlen will be able to access the funds in tranches over the next three years, with repayment terms of up to 15 years from the date of each disbursement.

This EIB loan is a cornerstone of Energa Operator's broader investment programme, valued at approximately €9.4 billion, set to begin in 2025.

By 2035, the company plans to build 11,000 kilometres of new power lines and 7,000 kilometres of underground cables, while modernising nearly 10,000 kilometres of existing infrastructure.

These efforts will enable the connection of 350,000 new customers and the integration of 9 GW of renewable energy, supported by energy storage systems that enhance grid stability.

Beyond EIB financing, Energa Operator has also secured roughly €1.76 billion from Poland's National Recovery Plan to further support its investment programme.