BGK Commits €25M to Eiffel Fund for Polish Renewable Projects
BGK Invests €25M in Eiffel Transition Infrastructure Fund to Boost Early-Stage Renewable Energy Projects in Poland
In a significant move aimed at accelerating Poland’s energy transition, Bank Gospodarstwa Krajowego (BGK) has announced a €25 million investment in the Eiffel Transition Infrastructure Fund — a pan-European vehicle supporting renewable energy infrastructure. The investment underscores Poland’s growing commitment to sustainable development and aligns with broader EU climate goals.
The funds will be directed specifically toward early-stage renewable energy projects located in Poland. According to a BGK statement, the investment “will be allocated to the development of projects in Poland, at an early stage of their implementation,” reinforcing BGK’s strategy of using catalytic capital to strengthen the local green economy.
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What is BGK?
Bank Gospodarstwa Krajowego is Poland’s national development bank, wholly owned by the State Treasury. Founded in 1924, BGK plays a key role in implementing government economic programs and supporting strategic national investments. Its mission includes fostering infrastructure development, innovation, and the energy transition, especially through the mobilization of EU and private capital.
In the past decade, BGK has become an increasingly important actor in green finance, co-financing wind farms, energy efficiency upgrades, and low-emission transport. It serves as a vital channel through which EU funds and public-private partnerships are leveraged to modernize Poland’s economy and align with the European Green Deal.
What is the Eiffel Transition Infrastructure Fund?
The Eiffel Transition Infrastructure Fund is an impact-driven investment vehicle managed by Eiffel Investment Group, a Paris-based asset manager with over €5 billion under management. The fund’s primary focus is on small- and medium-sized renewable energy infrastructure projects across the European Union. It bridges a critical funding gap by offering flexible, early-stage capital for projects before they secure traditional bank financing or long-term contracts.
One of the key features of the Eiffel fund is its partnership with the European Investment Fund (EIF) — the EU’s specialized body for supporting SMEs and strategic sectors. As a cornerstone investor, EIF provides de-risking capital and institutional credibility, making it easier for national development banks and private investors to join.
Since its inception, the Eiffel Transition Infrastructure Fund has deployed €65 million into Polish ventures, backing notable companies such as:
Optima Wind, a developer of onshore wind farms across Poland
R.Power, a leading Polish solar energy firm, whose international expansion has been co-financed through the fund
The fund’s strategy is not only to provide capital but to decarbonize energy systems while boosting local job creation and energy independence — themes that resonate deeply in today’s geopolitical climate.
Why This Matters for Poland
Poland’s energy matrix still heavily relies on coal, and transitioning to renewables is a national priority. However, early-stage green projects often face difficulties in securing financing due to technical, regulatory, or market risk. That’s where instruments like the Eiffel fund — with support from BGK and EIF — make a tangible difference.
By injecting €25 million into the fund, BGK enables more Polish-led green infrastructure projects to reach bankability. It also sends a broader signal to institutional investors that Poland is not only open to climate capital, but actively structuring deals to amplify their impact.
“The Eiffel fund fits perfectly with our goals to build a resilient, green economy. This investment strengthens Poland’s innovation and infrastructure, while accelerating our transition to clean energy,” said a BGK representative.
With new regulatory incentives from Brussels and growing investor appetite for ESG-aligned assets, Poland is poised to see a surge in clean tech innovation — and BGK’s investment in the Eiffel fund may well be remembered as a foundational step in that transformation.
