R.Power Secures €30 Million from IFC for Poland's First Large-Scale Battery Storage Projects
Key Insights
R.Power has secured €30 million in green bond financing from the International Finance Corporation (IFC) to develop Poland's first large-scale energy storage projects.
The funding is part of R.Power's PLN1 billion green bond program, with PLN610.7 million already placed, marking its first euro-denominated issuance.
IFC's investment aims to demonstrate the viability of standalone battery storage in Poland and support grid stability and renewable energy integration.
The project signals Poland's maturing energy storage market and aligns with IFC's strategy for sustainable growth in the region.
R.Power has secured €30 million in green bond financing from the International Finance Corporation (IFC), a member of the World Bank Group, to develop some of Poland’s first large-scale energy storage projects. The deal represents the company’s first euro-denominated issuance under its ongoing PLN1 billion green bond program, with PLN610.7 million already placed. Tomasz Sęk, vice president at R.Power, described the financing as a "significant step forward" for the company, highlighting its impact on project scale and investor profile.
The IFC’s investment is a strategic move to validate the commercial viability of standalone battery storage in Poland, a market still in its early stages of energy storage adoption. Ary Naïm, IFC country manager for Poland, emphasized the project’s role in accelerating the country’s clean energy transition. "This investment will help catalyze private investment in innovative solutions that strengthen energy security and grid flexibility," Naïm said. The funds will be directed toward infrastructure critical for stabilizing Poland’s grid and facilitating further integration of renewable energy sources.
The financing underscores IFC’s broader strategy in Poland, which focuses on high-impact investments aligned with long-term sustainable growth. For R.Power, the backing from a global institution like IFC serves as a vote of confidence in its business model and Poland’s emerging energy storage sector. The project is expected to set a precedent for future large-scale storage developments in the region, addressing grid challenges and supporting Poland’s transition away from fossil fuels.