EBRD Vice President for Policy to visit Poland

By Svitlana  Pyrkalo
@pyrkalo

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  • EBRD Vice President for Policy and Partnerships Mark Bowman will visit Poland this week
  • Will hold meetings with authorities, donors, private energy companies
  • EBRD renewables investment exceeds €1 billion in Poland to date

European Bank for Reconstruction and Development (EBRD) Vice President for Policy and Partnerships Mark Bowman will visit Poland from 29 November to 1 December 2022.

In Poland, Mr Bowman will meet with members of the government and with key private companies operating in the energy-generation sector, in order to discuss future steps in low-carbon transition and energy security.

The EBRD has invested more than €1.1 billion in renewable energy generation in Poland, the majority of which is in windpower plants. The total investment of €1.6 billion in the country’s energy sector also includes projects to strengthen the electricity transmission network.

In the last three years, the Bank has signed and earmarked close to €500 million to support e-vehicle manufacturing in Poland, which is not only helping decarbonise the transport sector but is an important contributor to the wider economy.

Mark Bowman said: “This year, the EBRD is planning to invest €800 million in Poland. Three-quarters of our work here is in the green economy, including renewable energy. Poland has strengthened its energy security and reduced dependence on Russian gas and coal, but a lot of work on green transition still lies ahead. The EBRD is ready to increase its financing of renewables, decarbonisation and energy-security projects in Poland.”

The EBRD Vice President will also meet with the Taipei China delegation to Poland. The delegation is the representative of the largest bilateral donor to green EBRD projects in the country, via the TaiwanBusiness-EBRD Technical Cooperation Fund. In total, €300 million of Taiwanese funds have been committed to technical support for green and digital transition alongside EBRD projects in the Bank’s regions. This year, Taiwanese donor funds have also helped EBRD clients in Ukraine UkrPoshta and Nova Poshta – as they upgraded their international logistics to better cope with a surge in humanitarian aid following Russia’s invasion of Ukraine.

Since the start of its operations in Poland in 1991, the EBRD has invested €12 billion in sustainable infrastructure, green energy, the financial sector, industry, agribusiness and other sectors of the real economy.

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