(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a financial package of up to PLN 126.1 million (€29 million equivalent) to support the growth of renewable energy capacity in Poland. The funding will be directed towards … Read the full press release
(IN BRIEF) PGNiG Upstream Norway AS (PUN), a subsidiary of the ORLEN Group, has secured ten new license areas for exploration on the Norwegian Continental Shelf through the Awards in Predefined Areas (APA) for 2023. PUN will act as the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Poland
Tagged acquisition, Daniel Obajtek, License Portfolio, Norway, Norwegian Continental Shelf, ORLEN, partnership, PGNiG, Poland, sustainability
(IN BRIEF) Voith and Schumacher Packaging have achieved the successful startup of PM 2 in Myszków, Poland, following a comprehensive modernization project. The rebuild, led by Voith, has doubled the production capacity of lightweight containerboard grades from 500 to 1,000 … Read the full press release
(IN BRIEF) The Baltic Power offshore wind farm, a collaboration between ORLEN Group and Northland Power, is set to become the world’s first to construct wind turbines using low-emission steel produced predominantly from recycled materials in an electric arc furnace … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Poland
Tagged Baltic Power, Daniel Obajtek, Dieter Dehoorne, Low-Emission Steel, Mike Crawley, Northland Power, offshore wind farm, ORLEN, partnership, recycled materials, sustainabilty, turbines
(IN BRIEF) The European Investment Bank Group (EIB Group) has entered into a revolving synthetic securitisation agreement with Europejski Fundusz Leasingowy S.A. (EFL) for a PLN 2 billion portfolio of leasing receivables. EFL commits to provide PLN 2.5 billion in … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Poland, Small Business
Tagged EFL, EIB, Marjut Falkstedt, partnership, Poland, Projects, Radosław Woźniak, SMEs, sustainability, Teresa Czerwinska
(IN BRIEF) RWE, a global leader in renewable energies, has achieved a significant milestone by connecting its 20th onshore wind farm to the grid in Poland. The Żnin wind farm, located in Kujawsko-Pomorskie, boasts 16 wind turbines with a total … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a financial package of up to PLN 126.1 million (€29 million) to subsidiaries of Eurowatt Green Energy Group SA, Baltic Sea Polska II sp. z o.o., and C&C … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland, United Kingdom
Tagged Baltic Sea Polska II sp. z o.o., C&C Wind sp. z o.o., EBRD, Eurowatt Green Energy Group SA, partnership, Poland, renewable energy projects, sustainability
(IN BRIEF) Iberdrola has entered into a loan agreement with the International Finance Corporation (IFC), the private sector investment arm of the World Bank, for €300 million, linked to ESG criteria, to support renewable energy projects in countries heavily reliant … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland, Spain
Tagged Alfonso García Mora, Fossil Fuel-Dependent, Iberdrola, International Finance Corporation (IFC), José Sainz Armada, MOROCCO, partnership, Poland, renewable projects, sustainability, Vietnam, World Bank
(IN BRIEF) ORLEN has successfully acquired Doppler Energie, gaining a 100% stake in the company, which operates 267 service stations across Austria. With this acquisition, ORLEN’s network now includes nearly 3,500 modern service stations in seven European countries. The company … Read the full press release
(IN BRIEF) The ORLEN Group is embarking on a groundbreaking initiative to introduce Virtual Power Plant (VPP) technology, which will centralize the coordination of power generation sources throughout the country via a central control system. This innovative project aims to … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Poland, Technology
Tagged Energy management, Marcin Piekarski, ORLEN Group, Virtual Power Plant Technology
(IN BRIEF) The European Investment Bank (EIB) and Pekao Leasing, a subsidiary of Bank Pekao S.A., have formalized an agreement worth €68 million, reinforcing their long-standing partnership. This loan from the EIB will empower Pekao Leasing to offer new financing … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Poland
Tagged EIB, Krzysztof Zgorzelski, Leszek Skiba, partnership, Pekao Leasing, Poland, SMEs, sustainability, sustainable growth, Teresa Czerwinska
(IN BRIEF) The European Investment Bank (EIB) is providing a loan of PLN 1.5 billion to Jerónimo Martins Polska, the owner of the Biedronka retail store chain in Poland, to facilitate energy efficiency investments within its store network. This financial … Read the full press release
(IN BRIEF) ORLEN Wind 3, a subsidiary of the ORLEN Group, has entered into an agreement to purchase onshore wind farms from Octopus Renewables Infrastructure Trust PLC. These wind farms, located in the Provinces of Poznań and Szczecin, have a … Read the full press release
(IN BRIEF) A partnership involving ORLEN, Lafarge Cement S.A., and Air Liquide Poland has received a European Commission grant to develop project design documentation and supply chain feasibility studies for a carbon dioxide (CO2) marine terminal. This terminal project aligns … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland, Transportation & Logistics
Tagged Air Liquide Poland, CO2 Marine Terminal, EU, Lafarge Cement S.A., ORLEN, partnership, Poland, sustainability
(IN BRIEF) PGNiG Upstream Norway, a part of the ORLEN Group, has signed an agreement with Horisont Energi AS to acquire a 50% interest in the CO2 exploration license Polaris in the Barents Sea. This partnership signifies a significant step … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Poland
Tagged Barents Sea, Bjørgulf Haukelidsæter Eidesen, Carbon Storage Project, Daniel Obajtek, Horisont Energi, ORLEN, partnership, PGNiG Upstream Norway, sustainability
(IN BRIEF) DNV has secured a contract from Ørsted and PGE to certify the Baltica 2 offshore wind farm located in the Polish part of the Baltic Sea. This project plays a crucial role in Poland’s transition to green energy, … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has committed €20 million to participate in the debut Eurobonds issued by Bank Polska Kasa Opieki, commonly known as Bank Pekao, as part of its €500 million public placement of … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Poland, United Kingdom
Tagged Bank Pekao, EBRD, Green Eurobond, investment, partnership, Poland, sustainability, Sustainable Finance
(IN BRIEF) Global engineering and advisory firm AFRY recently participated in the 3rd International exhibition and conference ReBuild Ukraine powered by Energy in Warsaw, Poland. During the event, AFRY emphasized the need for collaborative efforts across sectors to facilitate Ukraine’s … Read the full press release
Posted in Construction, Industrial, Infrastructure & Utilities, Poland, Sweden, Ukraine
Tagged AFRY, EBRD, EIB, European Bank for Reconstruction and Development, European Investment Bank, Henrik Tegnér, NEFCO, Nordic Environment Finance Corporation, Oksana Shevchenko, Poland, ReBuild Ukraine, Volodymyr Zelenskyy, Warsaw, World Bank
(IN BRIEF) Grupa Azoty S.A. has achieved certifications confirming the biodegradability and compostability of their envifill® granules line, a polymer line designed for disposable items. The OK compost Industrial certificate verifies that products made from these granules can undergo industrial … Read the full press release
(IN BRIEF) PGNiG Upstream Norway, a subsidiary of the ORLEN Group, is set to take control of KUFPEC Norway, a hydrocarbon producer, significantly boosting the ORLEN Group’s natural gas output in Norway by over one-third, reaching 4 billion cubic meters … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Norway, Poland
Tagged acquisition, Daniel Obajtek, KUFPEC Norway, natural gas, Norway, ORLEN Group, partnership, PGNiG, Poland, sustainability
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