European Bank for Reconstruction and Development invests €85 million in Virya Renewables Poland for solar PV cluster development

The project aims to form the largest solar PV cluster in Poland and one of the largest in Europe. It is projected to reduce more than 477,000 tonnes of CO₂ annually. The EBRD will also support Virya Renewables Poland in strengthening its organisational capabilities, including developing a Corporate Governance Action Plan and a Supply Chain Management System. Virya Energy is owned by Colruyt Group and Korys. Optima Wind has 17 years of experience as a leading private renewable developer in the Polish market. The EBRD has invested more than €16.6 billion in Poland to date. Quotes: - "Once operational, the Sidłowo and Kikowo II parks are expected to form the largest solar PV cluster in Poland and one of the largest in Europe." - "reducing more than 477,000 tonnes of CO₂ annually." - "Alongside its equity investment, the EBRD will also support Virya Renewables Poland in strengthening its organisational capabilities. This includes helping the new platform develop a Corporate Governance Action Plan and a Supply Chain Management System to improve oversight, sustainability practices, and cybersecurity" - "The company is owned by Colruyt Group and Korys." - "Optima Wind brings 17 years of experience as a leading private renewable developer in the Polish market." - "The EBRD remains one of Poland’s most active institutional investors, with more than €16.6 billion invested in the country to date."