Poland

The European Investment Bank (EIB) Group is joining forces with Polish car platform VEHIS to expand access to financing for a range of businesses in Poland. The EIB Group, which also includes the European Investment Fund (EIF), will back auto leases by VEHIS so that the company can boost lending to Polish small and medium-sized enterprises (SMEs) and Mid-Caps.

The European Investment Bank (EIB) signed an agreement to provide €700 million for the construction of two large-scale offshore wind farms developed by Norway’s Equinor and Poland’s Polenergia off the Polish coast of the Baltic Sea. The twin Bałtyk 2 and Baltyk 3 wind farms will have a shared capacity of 1.44 GW and are expected to go online fully in 2028.

The European Investment Bank (EIB) granted PLN 2.25 billion to Poland’s top utility PGE Polska Grupa Energetyczna (PGE) to support renewable energy production. The favourable loan will allow PGE to develop its network of photovoltaic installations throughout the country and to modernise an existing pumped-storage power plant.