Orlen secures record European Investment Bank support for energy transition

Orlen and the European Investment Bank (EIB) have signed a third agreement to finance the expansion of Poland’s electricity distribution network. The latest loan amounts to PLN 1.7 billion, bringing total EIB support for Orlen to PLN 3.5 billion. This marks the largest corporate loan granted by the EIB in Poland.

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20 march 2025   |   17:07   |   Source: Gazeta Morska   |   Prepared by: Kamil Kusier   |   Print

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Energa Operator, part of the Orlen Group, will use these funds to enhance the security and efficiency of electricity distribution while increasing the capacity for renewable energy integration.

Strengthening Poland’s energy infrastructure

- The record-high financing secured from the European Investment Bank demonstrates confidence in our development plans. We have an ambitious yet well-thought-out strategy that will benefit not only our shareholders but the entire economy. The EIB funds will be allocated to investments in the electricity distribution network, including the construction of new power lines and the connection of new customers, particularly prosumers with their own renewable energy sources, said Magdalena Bartoś, vice president of Orlen’s management board for finance.

Supporting Poland’s energy transition

- European Investment Bank financing for the Orlen Group will support the long-term, sustainable development of the Polish economy. The total funding of PLN 3.5 billion allocated for the modernization and expansion of Energa Operator’s electricity distribution network will accelerate Poland’s energy transition and strengthen energy security for both the country and the European Union, stated EIB vice president, professor Teresa Czerwińska.

Investments in grid modernization and renewable energy

The agreement allows Orlen to access PLN 1.7 billion in financing, with funds available in tranches over three years and a repayment term of up to 15 years.

The EIB loan is a key element of Energa Operator’s PLN 40 billion investment program announced in 2025. By 2035, the company plans to build 11,000 kilometers of new power lines, install 7,000 kilometers of underground cables, and modernize nearly 10,000 kilometers of existing infrastructure.

These investments will enable the connection of 350,000 new customers and integrate 9 GW of renewable energy capacity, supported by energy storage systems to stabilize the grid. In addition to EIB financing, Energa Operator has secured PLN 7.5 billion from Poland’s National Recovery Plan to support the initiative.

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