EBRD Invests in Virya Renewables for Largest Poland solar PV Cluster
In a significant boost to Poland’s green energy transition, the European Bank for Reconstruction and Development (EBRD) has announced an €85 million equity investment in Virya Renewables Poland. This strategic funding, directed towards a new platform supported by the Belgium-based Virya Energy, is set to create the largest solar photovoltaic (PV) cluster in the country.
The investment is a cornerstone of a joint effort to acquire, develop, and operate an extensive portfolio of renewable energy projects. A key part of this initiative involves Virya Renewables Poland acquiring a portfolio of projects currently held by Optima Wind. This includes the fully permitted and grid-connected Sidłowo and Kikowo II solar PV parks, which will form the foundation of this new solar cluster.
A Landmark Project for Poland solar PV
The scale and impact of this project are substantial. Once operational, the solar cluster is projected to generate an impressive 666 GWh of clean electricity annually. This output will play a crucial role in decarbonizing Poland’s energy grid, leading to an estimated reduction of 477,000 tonnes of CO₂ emissions each year.
This investment not only accelerates the deployment of large-scale solar infrastructure but also enhances Poland’s energy security by diversifying its energy sources. Grzegorz Zieliński, EBRD Head of Energy Europe, highlighted the project’s strategic value, stating that it “combines long-term investment with local expertise for grid resilience.”
More Than Just Financial Backing for Poland solar PV
The EBRD’s involvement extends beyond capital investment. The bank is actively assisting Virya Renewables Poland in establishing robust operational frameworks. This includes the development of a comprehensive Corporate Governance Action Plan and a Supply Chain Management System, designed to improve corporate oversight, sustainability practices, and cybersecurity measures.
Andreea Moraru, EBRD Head of Poland and the Baltics, emphasized the project’s role in accelerating “large-scale solar growth and Poland’s energy security.” This holistic approach ensures the project’s long-term viability and adherence to the highest international standards.
For Virya Energy, this partnership marks a major step forward in its strategic goals. Paul Tummers, CEO of Virya Energy, noted that the collaboration advances their “sustainable energy ambitions in Poland and Europe.”
The deal, announced on February 27, 2026, represents a powerful commitment from the EBRD to support Poland’s renewable energy expansion and underscores the growing momentum behind clean energy development across the region.
