Enea secures funding from BGK to improve its distribution network in Poland.

Enea Group has secured a loan agreement worth 9.13 billion zlotys ($2.4 billion) with Bank Gospodarstwa Krajowego (BGK) to enhance its power infrastructure. The funding, coming from the National Resilience and Recovery Plan, will be allocated for building and modernizing distribution networks with smart grid technology. This loan will aid in connecting users and energy sources to the smart grid and will expand communication systems and ICT solutions that improve network operations.

Enea president Grzegorz Kinelski noted that signing the agreement is crucial for transforming their distribution network and accelerating infrastructure modernization, thereby enhancing energy security and fostering the integration of renewable energy sources. The initiative will cover nearly all areas served by Enea Operator and the funds will be distributed between 2025 and 2036, with repayments from 2034 to 2050 at an interest rate of 0.5% per annum. Enea Group plans to invest 41 billion zlotys in the distribution segment by 2035 to strengthen the national energy system and promote renewable energy growth.

The Energy Support Fund (EFF), essential to the KPO managed by BGK, aims to advance Poland’s energy transition through favorable loans for strategic investments in the energy sector, thereby accelerating modernization and enhancing energy security. BGK president Mirosław Czekaj highlighted the availability of 90 billion zlotys in EU funds for this purpose, indicating that the modernization of power grids will encourage further renewable energy investments and enhance overall energy security.

Concurrently, Poland's National Fund for Environmental Protection and Water Management (NFOŚiGW) has announced a call for applications for co-financing electricity storage facilities with a budget exceeding 4 billion zlotys to improve the stability of the national power system and optimize renewable energy use.