Sunday, June 16, 2024
HomeRenewablesPoland's Enea and PKO TFI to jointly invest in green energy projects
Powered by

Poland’s Enea and PKO TFI to jointly invest in green energy projects

The Polish power company Enea and the Polish investment fund company PKO TFI have signed a letter of intent to work together on joint investments in renewables, Enea announced on Monday (13 January).

The main aim of the cooperation agreement is to develop a dedicated closed-end investment fund “PKO Energia Odnawialna”.

“The Enea Group actively participates in the energy transformation process. The concept of involvement in a dedicated RES Fund may expand our investment portfolio in the area of ​​renewable energy sources in a relatively short time,” said Paweł Majewski, President of Enea. “The synergy of our entities, based on experience, credibility and competence on both sides, can bring excellent results.”

Enea plans to engage in the Closed-End Non-Public Assets Investment Fund, which will invest in shares of Portfolio Companies that build renewable energy sources (RES) installations and obtain profits from the production and sale of electricity or heat generated from renewables, the company said in its press release.

“Investments in renewable energy sources are one of our strategic directions, in line with current market trends and challenges for the energy sector. The model of the RES Fund planned by us will not only bring profits to investors but will also contribute to the acceleration of the energy transformation process in Poland. I am very happy that the vice-leader of the energy production market in Poland, Enea, expresses its will to cooperate in this innovative formula,” said Grzegorz Muszyński, President of PKO TFI.

The Fund will seek to achieve its investment objectives by investing funds from Certificates payments made by investors, Enea said. Its main objective will be to develop a portfolio of renewables and, as a result, generate revenues from the Fund’s investments, in particular from investments in shares or stocks of Portfolio Companies.

In connection with the signed letter of intent, representatives of PKO TFI in cooperation with Enea will proceed to further work and consultations on the establishment of the Fund.

Sign up for our newsletters

    Monthly newsletter – Delivering the most important energy stories of the month selected by our Editor-in-chief
    Weekly Oil&Gas roundup - All major news about the oil and gas industry, LNG developments, the upscaling of new gases and related EU regulations arriving in your mailbox every Monday.
    Weekly Renewables&Climate roundup - All major news about investments in renewable energy sources, environment protection, green hydrogen and new innovative ways to tackle the climate crisis arriving in your mailbox every Tuesday.

    Most Popular