The Management Board of Polenergia S.A. (“Issuer”) notifies that on 31 December 2025, Polenergia Farma Fotowoltaiczna 13 sp. z o.o. (“FF13” or “Beneficiary”), the Issuer’s subsidiary,entered into a funding agreement (the “Funding Agreement”) with the National Fund for Environmental Protection and Water Management (“NFOŚiGW”) for the project entitled “Construction of the Szprotawa energy storage facility together with the necessary technical infrastructure” under the priority program “Electricity storage facilities and related infrastructure to improve the stability of the Polish power grid” (the “Project”).
The goal of the Project is to build a 50 MW battery energy storage facility. It is planned to be integrated into the local electricity system to increase grid stability and improve power balancing during peak demand and surplus generation from renewable energy sources.
Pursuant to the Funding Agreement, the total amount of funding for the Project in the form of a subsidy is up to PLN 43,875,000 (“Subsidy“), representing up to 45% of the eligible costs of the project.
The Funding Agreement was entered into subject to the condition that if by 31 March 2026, the Beneficiary does not submit the received corporate approvals for entering into the agreement/obligation, the Funding Agreement shall be terminated. An analogous condition applies to the disbursement of funds of the first tranche of the Subsidy.
Other terms and conditions of the Funding Agreement, including the rules for its termination, termination with immediate effect or withholding of the subsidy, do not generally differ from those commonly used in such agreements.
legal basis: Article 17 section 1 of the Regulation (EU) No. 596/2014 dated 16 April 2014 concerning market abuse (regulation on market abuse) of the European Parliament and of the Council on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC. OJ EU (L. of 2014, no 173, page 1 as amended).
Issuer’s Management Board
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