One of the notable investments was �140 million for the construction of Baltic Power, Poland’s first offshore wind farm (Photo: AdobeStock)

Elisabetta Falcetti, EBRD Regional Head for Poland and the Baltic states said, “The EBRD delivered record levels of investment in Poland in 2023, continuing to support our clients amidst challenging macroeconomic and geopolitical circumstances and the continued fallout from the war on Poland’s neighbour Ukraine.

“I am very proud of what our team has been able to achieve,� she continued. “And particularly proud that 100% of our investment has been in Poland’s private sector and three-quarters contributed to Poland’s transition to a low carbon and green economy.�

One of the notable investments was �140 million for the construction of Baltic Power, Poland’s first offshore wind farm. This project is part of the EBRD’s support for renewable energy in Poland, which will add more than 1.3 GW to the country’s renewable energy capacity in the short to medium term. In addition, the Bank invested 75% of its funds in low-carbon transition projects, including e-waste recycling and green finance instruments.

The Bank continued to focus on Poland’s capital and financial markets as well as direct equity deals, including a deal with integrated renewable energy developer R.Power (�75 million).