• EIB financing of more than €260 million ($300 Million) will support a 190 MW onshore wind farm capable of supplying nearly 200,000 Polish households.
• TAURON expects the Miejska Górka project to begin operations in 2027, expanding renewable capacity within Poland’s power system.
• The 18-year financing reflects growing EU institutional support for energy security, competitiveness and Poland’s transition away from fossil fuels.

The European Investment Bank has agreed to provide more than €260 million ($300 Million) to TAURON for construction of Poland’s second-largest onshore wind farm.

The financing, equivalent to PLN 1.12 billion, will support the 190 MW Miejska Górka wind project in western Poland. TAURON expects the facility to enter operation in 2027.

Once completed, the wind farm is expected to generate enough renewable electricity to supply nearly 200,000 households.

The investment forms part of Poland’s wider effort to expand domestic renewable generation while strengthening energy security and industrial competitiveness.

EIB provides more than half of project financing

The EIB will finance more than half of the project’s total cost. Its long-term funding gives TAURON access to lower-cost capital as the Polish utility accelerates investment in renewable energy.

Construction is already well advanced. The project will include more than 50 turbines, each standing more than 130 metres high and capable of generating 3.6 MW.

TAURON, Poland’s second-largest energy group, is developing the wind farm largely through European subcontractors. The company expects the project to support regional employment while increasing renewable electricity supply.

“From ensuring clean energy supplies for our homes to strengthening competitiveness of our industries, ambitious renewables projects answer multiple existential challenges faced by Europe,” said EIB Vice-President Marko Primorac, who is responsible for the bank’s activity in Poland. “This favourable financing for a new wind farm is a perfect example of the EIB’s strategic role in powering Europe through supporting ambitious partners like TAURON.”

The project will become TAURON’s largest onshore wind development to date. It also supports the company’s goal of reaching climate neutrality by 2040.

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Long-term capital supports TAURON transition

The agreement is the ninth financing arrangement between the EIB and TAURON. Previous transactions have supported investments including electricity grids and hybrid bonds.

For TAURON, the structure of the latest loan is significant. The financing carries an 18-year tenure and favourable interest rates, helping the utility manage capital costs during a period of extensive energy infrastructure investment.

“The EIB financing offers significant support for the TAURON Group’s energy transition, confirming the trust financial institutions put in our strategic investment projects. Favorable parameters, including attractive interest rates and an 18-year-long tenure, are particularly important to us. The EIB is a long-term financial partner of the TAURON Group and this agreement is the second-largest loan signed between the parties following PLN 2.8 billion agreement concluded in in 2021. This confirms cooperation and commitment on both sides to implement investments supporting the development of renewable energy sources and modern distribution infrastructure,” said Krzysztof Surma, Vice President of the Management Board for Finance of TAURON Polska Energia.

The EIB has become a major source of transition financing across Poland’s energy sector. Its investments cover renewable generation, grids, storage, energy efficiency and low-emission transport.

The bank is also the largest financier supporting Poland’s offshore wind expansion.

Poland investment fits wider EU energy strategy

The financing reflects a broader shift in European energy policy. Renewable investment is increasingly being linked not only to emissions reduction, but also to energy security and economic resilience.

For corporate executives and investors, Poland remains one of Europe’s most consequential transition markets. Its power system has historically relied heavily on coal, creating substantial infrastructure needs as renewable capacity grows.

That creates financing opportunities across generation, grids, storage and supporting infrastructure. However, project economics will continue to depend on permitting, power market reforms and long-term policy stability.

At the European level, the EIB Group directed nearly two-thirds of its new financing to green projects in 2025. The institution finances around half of Europe’s energy grid investment.

It also supports approximately one in five solar plants and one in three onshore wind projects across Europe, as well as most offshore wind farms.

The Miejska Górka project therefore sits within a wider European effort to expand clean power while reducing dependence on imported energy. For Poland, the investment also provides additional capital for reshaping one of the EU’s most carbon-intensive electricity systems.