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R.Power secures €30 million from IFC to drive growth in Poland

One of the first outcomes of the cooperation will be a hybrid installation in Nehrybkain in Poland’s Podkarpackie region. Photon Energy will oversee energy flows within the system and between the plant and the grid, act as balancing group manager and provide access to the spot and balancing energy markets. The project uses automation and forecasting tools to adjust operations according to demand and to charge the storage system from both the PV installation and the grid, supporting technical and commercial flexibility.

Storage portfolio and project timelines

At the national level, R.Power has launched a portfolio of battery storage projects with a total capacity of 2,300 MWh in Jedwabno, Tursko and Gdańsk. All three plants secured 17‑year contracts in Poland’s capacity market auction in December 2024, providing stable long‑term revenues of PLN 264.9 per kW per year (€62.43 per kW per year). Construction in Jedwabno is set to begin at the end of 2025, with the projects in Tursko and Gdańsk expected to come online between 2028 and 2029, while funding applications have been submitted to the National Fund for Environmental Protection and Water Management, with decisions expected in 2025.

Green bond strengthens R.Power’s storage expansion

At the same time, R.Power has completed its first euro‑denominated green bond issue, raising €30 million through a financing agreement with the International Finance Corporation (IFC), part of the World Bank Group. The funds will support the expansion of Poland’s energy storage infrastructure under the company’s broader green bond programme, valued at more than PLN 1 billion (€235.6 million), of which PLN 610.7 million (€143.8 million) has already been placed.

R.Power is continuing to expand its portfolio across the full value chain of battery storage systems and photovoltaics. Its collaboration with the IFC, representing international institutional investment in Poland’s energy storage sector, is seen as a vote of confidence in the country’s growing storage and PV market. (mg)