The European Investment Bank (EIB) granted PLN 2.25 billion to Poland’s top utility PGE Polska Grupa Energetyczna (PGE) to support renewable energy production. The favourable loan will allow PGE to develop its network of photovoltaic installations throughout the country and to modernise an existing pumped-storage power plant. The seventh agreement between the EIB and PGE will support the firm’s decarbonisation strategy by enabling planned investments in photovoltaic installations with a shared production capacity of nearly 730 MW, and the upgrade of a pumped-storage power plant (540 MW) in southern Poland. Provided under REPowerEU, the funding will support energy transition, as well as climate and…
Author: WoREA Content Manager
Muscat, April 17, 2025 – TotalEnergies has successfully commissioned a 1 MWp solar power system for Omani Integrated Logistic Services (ILS), a leading provider of end-to-end integrated logistics solutions. The project underscores TotalEnergies’ commitment to accelerating the adoption of renewable energy in the country. The system, installed at a major warehouse in the coastal city of Barka in north Oman, comprises more than 1,800 photovoltaic (PV) panels. It is expected to generate approximately 1,700 MWh of clean electricity annually and avoid around 1,250 tons of CO₂ emissions each year. “We are thrilled to collaborate with ILS in Oman to support…