Greenvolt Secures €218 Million for 400 MW Battery Storage Projects in Poland
Greenvolt, a prominent renewable energy developer, has successfully secured a comprehensive financing package totaling €218 million from UniCredit to advance its battery energy storage system (BESS) projects in Poland. The funding comprises €153 million in bridge facilities and a €65 million guarantee facility, underscoring strong financial confidence in the country's expanding energy storage sector.
The capital will be directed toward the development of the Ełk and Turośń BESS projects located in northeast Poland. Together, these two facilities boast a massive combined capacity of 400 MW and 1.6 GWh, with each individual system sized at 200 MW and 800 MWh. This scale positions them among the largest battery storage installations currently underway in the country.
The Turośń Kościelna facility was officially inaugurated in July 2026, marking a significant milestone for the region's energy infrastructure. Meanwhile, the Ełk project is on track to reach commercial operation in the fourth quarter of 2026.
These mega-projects are designed to play a pivotal role in enhancing grid flexibility across Poland. By integrating large-scale battery storage, Greenvolt aims to facilitate the seamless integration of renewable energy sources, mitigate power fluctuations, and strengthen overall grid stability. UniCredit's substantial financial backing highlights the growing appetite among European financial institutions for green infrastructure investments. As Poland continues its transition away from coal-fired generation, utility-scale BESS projects like Ełk and Turośń will be critical in managing the intermittency of wind and solar power, ensuring a reliable and resilient electricity supply for consumers and industries alike.
Source: PV Knowhow / Goalfore
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