The European Bank for Reconstruction and Development (EBRD) said on November 2 it will help Tauron Polska Energia, one of the largest energy firms in Poland, to move from fossil fuels to renewable sources of energy. According to the EBRD, the bank has invested PLN 240 million (equivalent to €55.8 million) for 24% of a PLN 1 billion local currency bond issued by Tauron to support its decarbonisation strategy.


“Projects such as this are crucial for Poland’s green transition. We have financed more than 1.5 GW of renewable capacity in Poland to date and we are proud to partner with Tauron in pioneering its shift from coal to renewable energy sources,” said Grzegorz Zieliński, EBRD regional director for Central Europe and head of Poland. “This project is an example of how coal-reliant regions can be transformed, while providing new employment opportunities and driving green investment,” he added.

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