The European Bank for Reconstruction and Development (EBRD) has committed €75m to R.Power S.A – a rapidly growing renewable energy developer and independent power producer in Poland. The company’s stimulus is for capital increase in business expansion, and marks its second investment in the firm since participating in its green bond issuance in 2022.
R.Power is one of the fastest-growing privately owned renewable energy developers in Poland and has expanded its renewables portfolio significantly in recent years. The EBRD is investing alongside the Three Seas Initiative Investment Fund, a dedicated commercial fund targeting infrastructure investments in central and eastern Europe. The combined capital increase will support R.Power’s long-term growth strategy, including its plan to achieve a 1GWp operating solar photovoltaic (PV) portfolio across the EU within the next two years, achieving significant GHG emission savings. The EBRD will work with R.Power to strengthen its environmental, social, and corporate governance practices, focusing on managing supply-chain risks and issues.
The EBRD’s support comes at a time when raising capital is increasingly difficult and the need to accelerate the development of renewable energy is greater than ever. Distributed renewable energy is recognised as the solution not only to achieving global net-zero goals but also to ensuring a secure and affordable supply of energy. The EBRD’s investment in R.Power supports two of the EBRD’s strategic goals in Poland: supporting the green transition of the Polish economy and strengthening private companies.
CENTRAL EASTERN EUROPE NEWS
EBRD Invests €75 million in Poland’s R.Power
Follow us
