EuroPOWER & RES POWER Conference

During yesterday’s panel discussion “Investing in the Future – Financing Energy Transformation and Green Technology Development” moderated by Izabella Żyglicka, founding partner of Żyglicka and Partners, we had the opportunity to explore key topics on financing energy transformation.

Energy transition requires massive financial resources. While it is difficult to determine precisely what funds will be needed, we already have available solutions offered by financial institutions.

One example is Tauron Polska Energia S.A., which has raised as much as PLN 11 billion for grid expansion and is submitting further applications, including for financing of energy storage facilities. KGHM Polska Miedz S.A. is also active, seeking financing and asking important questions about whether institutions are ready to share business risks. In this regard, the European Bank for Reconstruction and Development and PKO Bank Polski are showing their readiness to support large projects, especially in consortia.

The discussion also touched on ESG – is it a cost to be borne?

The outcome of the debate clearly indicated that ESG is an investment and one of the measures of sustainable development. As KGHM’s representative stressed, today companies around the world are evaluated in terms of their carbon footprint, which is a key criterion for their performance.

We would like to thank all the panelists for the inspiring discussion, unique conclusions and are already looking forward to the next meeting!