Enea Group Secures $2.4bn Loan for Smart Grid Expansion
Enea Group has secured a loan of 9.13 billion PLN ($2.4bn) from Bank Gospodarstwa Krajowego (BGK), funded through Poland's National Recovery and Resilience Plan (KPO). The financing will support the development and modernization of the group's energy distribution networks, incorporating smart grid technology.
The loan is part of the investment project G3.1.4 "Support for the National Energy System (Energy Support Fund)" under component G (RePowerEU). Funds will facilitate network upgrades, communication system expansion, and ICT solutions to enhance grid efficiency across Enea Operator's operating area.
Jakub Jaworowski, Minister of State Assets, emphasized the importance of this funding for Poland's energy security and renewable energy growth. The project will connect additional megawatts from renewable sources, aligning with Poland's climate goals and reducing greenhouse gas emissions.
The loan, with a 0.5% annual interest rate, will be disbursed between 2025 and 2036, with principal repayments from 2034 to 2050. Total investments by Enea Group in distribution infrastructure are expected to reach approximately 41 billion PLN ($10.9bn) by 2035.
Paulina Hennig-Kloska, Minister of Climate and Environment, highlighted that this funding strengthens energy security for businesses and households in northwestern Poland and accelerates Poland's transition to renewable energy.
BGK's president, Mirosław Czekaj, underlined the bank's role in supporting energy transformation and the modernization of Poland's power system to enhance resilience and integrate renewables.
