World : Polish Energy Company Secures EBRD Funding To Decarbonise Grid

In Poland, energy company Tauron Polska Energia has secured €55.8 million ($65.1 million) in funding from the European Bank for Reconstruction and Development (EBRD) to implement its grid modernization and decarbonisation strategy.

The EBRD investment covers 24% of a PLN 1 billion ($260.3 million) local currency bond issued by Tauron to support its decarbonisation strategy. 

Tauron will use the investment to support its “just transition” strategy and address the social impact of accelerating the green transition.

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Smart Grid Bulletin October 2020

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