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.

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