The funding, granted under Poland's National Recovery and Resilience Plan (KPO), will cover 85% of the project's costs, PHN announced on Monday.

Located in the village of Owińska in the Greater Poland (Wielkopolskie) region, the PV farm marks PHN's first investment in renewable energy. The company estimates the installation will generate around 12 GWh of electricity annually, more than 70% of which will power its real estate assets. This is expected to lower the buildings' carbon footprint and boost their appeal to tenants.

PHN considers the project a strategic step in advancing its environmental and social goals, aiming to power its portfolio with clean energy.

The company plans to obtain a building permit by the end of 2025 and start construction in 2026, with commissioning and energy production scheduled for 2027.

PHN is among the largest commercial real estate firms in Poland, managing a portfolio of 150 office, residential, and logistics properties valued at approximately €814 million.