Poland's Węglokoks gets €11.6 million for solar project

Green Forum
Polish firm Węglokoks has secured €11.63 million in funding to develop a photovoltaic (PV) farm and an energy storage facility. The grant was awarded by the National Fund for Environmental Protection and Water Management (NFOŚiGW) as part of the “Energy Efficiency and Renewable Energy in Enterprises” program

The project will be financed through the EU's Recovery and Resilience Facility (KPO). Węglokoks is one of several recipients selected to carry out large-scale PV investments, with other companies also obtaining substantial support for similar renewable energy projects.

The NFOŚiGW has signed 14 grant agreements as part of the competition “Energy Efficiency and Renewable Energy in Enterprises – Investments with the Highest Potential for Greenhouse Gas Reduction.” The funded projects will receive nearly €71.86 million in support from the National Recovery and Resilience Plan (KPO).

WIBOR + 50 basis points, but not lower than 1.5% annually. The repayment period can extend up to 20 years, with the option for beneficiaries to repay early without penalties.

The Węglokoks capital group will receive €11.63 million to construct a 35 MW photovoltaic farm and an energy storage facility. The installation will be built on approximately 20 hectares in Ruda Śląska. The planned annual electricity production is over 24 GWh. A portion of the electricity generated will be stored in a battery with a capacity of 16 MWh.

The electricity will primarily serve the internal needs of Węglokoks group companies, especially the Northern Port and the Łabędy Steelworks. The project is scheduled for completion by the end of March 2028, with a total investment value of €24.19 million.

RECOMMENDED
Valorem and Triobud to develop 700 MW in Poland
Energy

Valorem and Triobud to develop 700 MW in Poland

French green energy operator Valorem has partnered with Polish engineering group Triobud Investments to develop up to 700 MW of hybrid wind-solar projects in Poland, with potential for further expansion.

RECOMMENDED FROM THE HOME PAGE
Energy

Eurowind and Autoliv sign energy deal

Eurowind Energy and Autoliv, a global leader in automotive safety systems, have signed a 12-year Power Purchase Agreement (PPA) in Romania.

Real estate

EBRD backs retail growth in Balkans

The European Bank for Reconstruction and Development (EBRD) is providing an additional loan of up to €72 million to BIG CEE as part of a €100 million envelope of loans to support its expansion in Serbia and the Western Balkans.

READ MORE
Green Forum  |  3 April, 2025 at 11:45 PM
Green Forum  |  3 April, 2025 at 9:43 PM