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INVL Renewable Energy Fund I-managed REFI Sun raised more than EUR 5 million in public bond offering
REFI Sun, a company owned by INVL Renewable Energy Fund I, which is managed by INVL Asset Management, the leading alternative asset manager in the Baltics, raised more than EUR 5 million euros in a public offering of bonds. The money, which was raised from investors in the Baltic countries, will be used to finance…
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Axpo and Energix join forces to optimise Poland’s first utility-scale battery energy storage system
Axpo and Energix, a leading renewable energy developer and independent power producer, have signed an agreement to optimise the largest battery energy storage system (BESS) in Poland. This is yet another such contract to be signed by Axpo in Poland this year. Under the agreement, Axpo is responsible for full revenue optimisation of the energy…
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Vestas pauses planned Szczecin factory as offshore demand falters
Vestas has confirmed that it is pausing development of its much-anticipated offshore wind factory in the Polish port city of Szczecin, citing a downturn in European offshore demand and uncertainty across key markets. The decision marks a notable recalibration by one of the world’s largest turbine manufacturers and underscores the growing strain on the continent’s…
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Polenergia to Supply 100% Renewable Energy to KGHM Under New cPPA Agreement Supporting Poland’s Green Industrial Transformation
Polenergia – Poland’s largest private energy group – and KGHM – one of the world’s leading producers of copper and silver – have signed a contract for the supply of energy from renewable sources. The agreement, in the form of a cPPA (corporate Power Purchase Agreement), based on Polenergia’s stable and fully green assets, ensures…
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Apple expands renewable energy projects across Europe
Apple is significantly expanding its clean energy projects across Europe with new large-scale solar and wind farms now in development in Greece, Italy, Latvia, Poland, and Romania. Together with a newly operational solar array in Spain, the projects announced today — all enabled by Apple — will add 650 megawatts of renewable energy capacity to…
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Poland Passes New Renewable Energy Law: Key Changes for Offshore Wind, Prosumers, and Energy Cooperatives
Polish Government, the Sejm, has adopted new legislation for the renewable energy sector by an overwhelming majority. The new law primarily concerns offshore wind energy but also introduces significant provisions for tenant prosumers and energy cooperatives. The Sejm approved an amendment to the Act on Promoting Electricity Generation in Offshore Wind Farms, drafted by the…
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Mars and Cargill deepen renewable energy partnership on innovative 224MWac solar procurement with GoldenPeaks Capital in Poland.
Two leading global food companies, Mars and Cargill, announced they are spurring the development of more than 224MWac* of new renewable energy capacity through five virtual power purchase agreements (PPAs) in Poland. The PPAs were signed with GoldenPeaks Capital, one of Europe’s fastest-growing independent producers of renewable energy. The companies’ five new virtual power purchase…
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Lithuania, Poland, Estonia, and Latvia, initiate a €382 million project to fortify critical energy infrastructure.
In late September 2025, Lithuania, together with Poland, Estonia and Latvia, launched a €382 million coordinated effort to bolster the resilience of their power transmission infrastructure against aerial threats—especially drones. The plan is spearheaded by Lithuanian grid operator Litgrid and Poland’s PSE, with Lithuanian Energy Minister Žygimantas Vaičiūnas and Litgrid CEO Rokas Masiulis playing prominent roles in pitch…
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Poland Secures €189M Loan to Modernize Power Grid and Boost Energy Security
Poland’s power transmission system operator, Polskie Sieci Elektroenergetyczne (PSE), has secured an increased loan exceeding 800 million zlotys (€189 million) from the National Power Grid Reconstruction Plan (KPO), provided by Bank Gospodarstwa Krajowego (BGK), PSE announced. The loan carries a 0.5% interest rate and is scheduled for repayment by December 2050. The funds, sourced from the Energy Support Fund, part of Poland’s National Recovery and…
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Litgrid Expands Electricity Transmission Capacity with Poland – Market Consultation Now Open
Lithuanian electricity transmission system operator Litgrid has prepared a concept for increasing transmission capacity between Lithuania and Poland, which is presented to the market participants. It is expected that the implementation of the measures outlined in the concept will increase cross-border electricity transfer capacity. The growth of electricity trade will create better conditions for the…
