ORLEN Group to invest PLN 3.5 billion in strategic programme to upgrade electricity distribution network

The ORLEN Group will implement a strategic investment program in the field of energy distribution networks, increasing the security and efficiency of electricity supplies in northern and central Poland. Financing for the program will be provided by the European Investment Bank (EIB), which has approved a PLN 3.5 billion loan to ORLEN to support the strategic development of its electricity distribution infrastructure, including renewable energy (RES) connections, network upgrades, and investments in smart grid technology. This EIB financing, offered on preferential terms compared to commercial banks, will significantly accelerate the implementation of plans in this area. The initial financing agreement signed is valued at PLN 900 million. The programme will be implemented by Energa Operator.

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ORLEN Group finalises one of the largest transactions in the domestic renewable energy market

ORLEN Wind 3, a subsidiary of the ORLEN Group, has finalised a deal with EDP Renewables Polska to acquire two solar PV farms located in the Provinces of Zielona Góra and Poznań and a wind farm in the Province of Łódź. The newly acquired assets will increase the Group's renewable energy generation capacity by over 300 MW..

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ORLEN Group secures EUR 2 billion credit facility

ORLEN has entered into a EUR 2 billion credit facility agreement with a syndicate of 16 banks, ensuring the Group has access to financing for its ongoing business requirements. This revolving credit facility replaces the previous agreement and will be utilised to support the Group’s day-to-day trading and operating needs.

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Issues identified through inspections and audits at the ORLEN Group

Supported by external auditors and law firms, ORLEN has undertaken an extensive review of the Group’s activities covering the period between January 2016 and February 2024. So far this year, over 50 inspections and audits have already been completed, with about as many still underway. Investigations into various aspects of the Group’s activities have also been launched by law enforcement authorities and prosecutors. Out of the 28 key probes that are now at different stages, 12 focus on ORLEN, while the remaining 16 concern other Group companies.

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Baltic Power wind farm completes first onshore connection

In the Lubiatowo area, the first of four directional drills under the coastline, beach, and seabed has been successfully completed, with no direct impact on areas of high ecological value. This phase of the project paves the way for connecting the Baltic Power offshore wind farm to its onshore substation. The 1.4 km tunnel will house power transmission cables. The drilling was conducted using HDD (horizontal directional drilling) technology.

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ORLEN launches sales of HVO100

The ORLEN Group has initiated sales of its HVO100 fuel at two service stations in Germany. HVO100 is a second-generation biofuel, made from vegetable oils and waste products from the food and hospitality industries, including used cooking oil. It has the potential to reduce greenhouse gas emissions by up to 90 per cent compared to conventional fossil fuels. HVO100 can be used in most diesel engine vehicles without any modifications. The introduction of this fuel to the Polish market will be possible once the ongoing legislative work on quality requirements is completed.

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Mažeikiai refinery to generate renewable energy

The Mažeikiai refinery, part of the ORLEN Group, is set to make a significant investment in advanced, environmentally sustainable solar photovoltaic (PV) technology. A 42.2 MWp solar PV farm will be installed on the refinery’s premises, marking a crucial initiative to reduce its carbon emissions into the atmosphere. ORLEN Lietuva’s investment supports the Group’s broader sustainability commitment to developing low- and zero-carbon captive energy solutions. The farm is scheduled for commissioning at the end of 2025.

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ORLEN solidifies LNG supply logistics across Central and Eastern Europe

ORLEN has entered into a five-year exclusive agreement with Lithuania’s KN Energies, previously known as Klaipedos Nafta, granting it sole access to a small-scale LNG reloading wharf station in Klaipėda, which will bolster gas supply to north-eastern Poland and the broader Baltic region. Since the initiation of an earlier contract, ORLEN has received nearly 60 thousand tonnes of liquefied natural gas via the Klaipėda terminal.

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ORLEN explores investment opportunities in Lithuania

In a meeting held today with Lithuanian Prime Minister Ingrida Šimonytė, ORLEN’s CEO Ireneusz Fąfara discussed several key points, including opportunities to invest in Lithuania’s renewable energy infrastructure, the ongoing BoB investment in ORLEN LIETUVA, its position across the Lithuanian and Baltic markets, and potential further expansion plans.

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