Industry | 17 December, 2024 at 7:38 AM
Poland secures €9.4 billion in EU Recovery Funds
Poland has received €9.4 billion from the EU's National Recovery Plan (NRP) after fulfilling its second and third payment requests.
Poland has received €9.4 billion from the EU's National Recovery Plan (NRP) after fulfilling its second and third payment requests.
Renewables developer OX2 has secured €73 million in financing from Germany's Nord/LB, a leading energy transition bank, for the development of a 100 MW solar farm in Poland.
Canada has taken a significant step in supporting Poland's energy transition, with Export Development Canada (EDC) issuing a letter of intent to provide up €1.37 billion in financing for Poland's first nuclear power plant.
The Polish Parliament has adopted an amendment to the Renewable Energy Sources Act, introducing substantial changes designed to foster the growth of green energy in the country.
Real estate investment decisions in CEE are currently made considering various challenges, such as difficulty in predicting five-year exit strategies for investments, liquidity in the region, and concerns about the impact of ESG regulations on building compliance and financing, to name a few. CEE Property Forum 2024 in Vienna has taken a closer look at European investment trends in the panel chaired by Tim Wilkinson, MRICS, Head of European Acquisitions at Indotek Group.
Swedish fashion retailer H&M Group has entered a solar power purchase agreement (PPA) with Polish solar energy developer R.Power SA.
The General Authority for Investment (GAFI) in Egypt has commissioned Polish energy company Hynfra to construct a green ammonia production facility.
SPIE Energotest has developed an innovative ECONTROLplus system that enables comprehensive management and optimisation of Renewable Energy Sources (RES) installations, increasing their efficiency and reliability.
Poland has committed €640 million from its National Recovery and Resilience Plan (KPO) to advance hydrogen technologies, marking a major step toward a greener economy.
The European Investment Bank Group (EIBG) signed its first synthetic securitization transaction backed by solar panel loans to private individuals in Poland with Inbank.
Danske Commodities has entered trading and balancing agreements for the Polish offshore wind projects Bałtyk 2 and 3, marking its largest renewables deal to date.
Orlen has committed to driving the energy transition and a greener future.
Roeslein & Associates, a leading engineering, procurement, and construction (EPC) services company, announced the opening of its new European Design Center in Krakow, Poland.
Arctic Paper S.A. has announced the acquisition of a 4 MW solar park located near Warsaw, Poland.
The financing is for a logistics center in Bydgoszcz developed for a leading e-commerce firm.
EIB and ORLEN Group, Poland's largest energy company, signed a €200 million loan agreement for projects supporting energy transition.
The European Commission has endorsed a positive preliminary assessment of Poland's payment request for the second and third instalments for €9.4 billion.
EBRD will support the development of high-quality, energy-efficient residential housing in Poland through a €100 million loan to the Polish subsidiaries of Vantage Development.
Israeli IPP Econergy Renewable Energy has secured €33 million in financing from PKO Bank Polski for its 52 MW Resko solar park in Poland.
IMMOFINANZ signed a new five-year, €180 million green loan with Helaba, pbb Deutsche Pfandbriefbank and Berlin Hyp, secured by myhive Warsaw Spire,
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.
