The financing will be provided by Bank Gospodarstwa Krajowego (BGK) as part of investments under G3.1.4 of the Energy Support Fund, Component G, RePowerEU, and will be used to connect both consumers and energy sources to the grid and to expand and modernise the distribution network to meet future-ready smart grid standards. It will also support investment in Information and Communication Technology (ICT) solutions to further enhance grid operations. These upgrades will extend across nearly the entire service area of Enea Operator Sp. z o.o., the distribution subsidiary of Enea Group, which manages and maintains the power network in western and northwestern Poland.
Poland’s grid overhaul: Integrating 90 GW of renewables by 2040
Future-proof network infrastructure is valued by the market
The company’s efforts have been positively received by the market, with Enea’s stock rising approximately 140% since Q4 of 2023 and about 40% in the first five months of 2025.
Grzegorz Kinelski, President of Enea: “The signing of this agreement with BGK is a major milestone in transforming our power grid. With these funds, we will accelerate the upgrades of our infrastructure, which will improve Poland’s energy security, facilitate connection of renewable energy sources, and allow energy consumers to actively participate in the market. We are implementing on our strategic goals outlined in the Enea Group Development Strategy until 2035, and supporting Poland’s energy transition.”
Grzegorz Rabsztyn: “The EIB is playing a key role in supporting renewables and grid development”
The energy transition in Poland is not an option - it is essential
Mirosław Czekaj, President of BGK comments on the loan- deal: “The energy transition is not optional – it is essential. BGK, as Poland’s development bank, supports investments that drive the energy transition, which is in the interest of the country and all its citizens. Thanks to EU funds under the National Reconstruction Plan, we have PLN 90 billion available for this purpose, including offshore wind farms. Today’s agreement is another step toward deploying those funds. Grid modernisation will be a catalyst for further investment in renewable energy sources, including photovoltaic power and energy storage. A more secure energy system will benefit the entire economy.”
Christian Carraro from SolarEdge: “Going ever-cheaper is high-risk”
Adapting to a shifting energy landscape
Enea Operator will use the loan funds to build and modernise several thousand kilometers of power lines, enabling the connection of new renewable energy sources and additional generation capacity. These investments will support Poland’s climate goals by significantly reducing greenhouse gas emissions. The project addresses current sector needs and prepares the grid for future challenges such as the growth of distributed generation, electromobility, and evolving energy consumption patterns. A modern, resilient power grid is essential for energy and national security, enabling the full potential of advanced technologies and helping to combat energy poverty.
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Long-term loan secures infrastructure renovation
The loan will be disbursed in tranches between 2025 and 2036, with principal repayments scheduled from 2034 to 2050. The interest rate on the loan is 0.5% per annum. Over the 2035 planning horizon, Enea Group intends to invest approximately PLN 41 billion in its distribution segment to strengthen the resilience of the Polish power system and facilitate further growth in renewable energy sources. (mg)
