Huge investment by Bank Gospodarstwa Krajowego in a fund supporting renewable energy

Bank Gospodarstwa Krajowego has invested in the Eiffel Transition Infrastructure fund, which supports infrastructure projects in the field of renewable energy in European Union countries. One of the main investors in this fund is the European Investment Fund (EIF). BGK’s investment amounted to EUR 25 million, and the funds will be allocated to the development of projects in Poland at an early stage of implementation. To date, the Eiffel Transition Infrastructure fund has invested a total of EUR 65 million in Polish projects, including support for the development of Optima Wind in Poland and the expansion of R.Power into foreign markets. BGK’s investment will also enable the use of the resources and experience of the Eiffel management team to implement energy transition projects in Poland.

Jarosław Dąbrowski, member of the Management Board of Bank Gospodarstwa Krajowego, assesses the investment in a BGK press release as follows:

“The Polish economy needs new investments to increase its competitiveness. One of the key areas is the structure of our energy mix, which reduces the competitiveness of the Polish economy. In order to change this structure, significant investments in clean energy are necessary. The role of BGK as a development bank is to fill the gap in the investment market, which we have strongly emphasised in the bank’s new strategy for 2025-2030. BKG’s involvement in the Eiffel Transition Infrastructure fund, which brings so-called “smart money” to the Polish market, will not only translate into more megawatts of renewable energy, but also deepen our local know-how in the area of infrastructure fund management.” smart money to the Polish market, will not only translate into more megawatts of renewable energy, but also deepen our local know-how in the area of infrastructure fund management.”

The fund’s owner, Eiffel Investment Group, is one of the leaders in the European sustainable investment market, specialising in investments with a positive social and environmental impact, particularly in the area of energy transition. At the end of 2024, the group managed assets worth approximately €7 billion, serving mainly large institutional investors such as insurance companies, pension funds and banks, as well as retail investors through distribution networks. Eiffel Investment Group is supported by the Impala group, founded by entrepreneur Jacques Veyrat, and is developing a strong position in the industry, particularly in the area of energy transition. Eiffel finances companies and their assets through four main strategies: private debt, private equity, energy transition (infrastructure debt and equity, private equity) and listed loans and equities.

“We are proud to welcome BGK as an important partner in our Eiffel Transition Infrastructure fund. This commitment is an important milestone in our mission to accelerate the energy transition in Europe. We were among the first funds to invest in the Polish renewable energy sector, and with BGK’s support, we will increase green energy opportunities in the country. This partnership reflects our shared ambition to drive significant investment in clean infrastructure and support Poland’s path to energy transition and independence,” said Fabrice Dumonteil, CEO of Eiffel Investment Group, in a statement from BGK.

The group entered the Polish market in 2024 by opening an office in Warsaw, emphasising the strategic importance of Poland in the context of the energy transition in Central and Eastern Europe. The fund has already invested over €500 million in the region, supporting renewable energy projects, including the construction of 16 photovoltaic power plants in Poland, carried out in cooperation with the European Bank for Reconstruction and Development.

In addition, Eiffel Investment Group has become involved in the development of the biomethane market in Poland by co-founding Galia Green Power, a company that focuses on the construction and operation of modern biomethane installations.