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EBRD invested €55.8 mln to support green transition of Poland’s electricity producer Tauron

3 mins read

The FINANCIAL — Tauron Polska Energia, one of the largest energy firms in Poland, is moving from fossil fuels to renewable sources of energy with the support of the European Bank for Reconstruction and Development (EBRD). The EBRD has invested PLN 240 million (equivalent to €55.8 million) for 24 per cent of a PLN 1 billion local currency bond issued by Tauron to support its decarbonisation strategy.  At present Tauron still generates most of its electricity from coal-fired power plants, but in line with Poland’s overall energy strategy the company has committed to an ambitious reduction in its carbon intensity through the closure…

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EBRD invested €55.8 mln to support green transition of Poland’s electricity producer Tauron

3 mins read

The FINANCIAL — Tauron Polska Energia, one of the largest energy firms in Poland, is moving from fossil fuels to renewable sources of energy with the support of the European Bank for Reconstruction and Development (EBRD). The EBRD has invested PLN 240 million (equivalent to €55.8 million) for 24 per cent of a PLN 1 billion local currency…

EBRD encourages innovation in green trade finance

4 mins read

The FINANCIAL — Combining all three elements the European Bank for Reconstruction and Development (EBRD) is joining this year’s NTT DATA Open Innovation Contest as a partner in the search for potential collaborations with start-ups who have innovative ideas in the area of sustainable trade finance. NTT DATA is a leading global IT services provider. It launched the…