Poland’s $1 billion energy storage subsidy scheme opens for applications
The Polish National Fund for Environmental Protection and Water Management (NFOŚiGW) opened on April 4 a call for applications to co-finance energy storage facilities. The much-awaited subsidy scheme aims to improve the stability of the national power grid and the country’s energy security.
More than PLN 4 billion ($1 billion) provided by the European Union’s Modernization Fund will be distributed under the subsidy scheme by the end of 2025 in a bid to bring online more than 5 GWh of energy storage projects by 2028.
“The construction of energy storage facilities is essential for the stabilization of the power system and more efficient use of the growing production of energy from renewable sources. Support from the National Fund for Environmental Protection and Water Management is a huge opportunity for entrepreneurs who want to actively participate in the energy transformation while building the country’s energy security,” said Józef Matysiak, deputy president of the management board of the National Fund for Environmental Protection and Water Management.
The program provides funding for the construction of electricity storage facilities with a power rating of not less than 2 MW and a capacity of not less than 4 MWh connected to the grid at medium or high voltage.
The mandatory scope of the investment includes the installation of battery containers, inverters, transformers, battery module assembly, support systems, and the execution of tests and acceptance of storage facilities. Additionally, the subsidies may optionally cover the construction of network connections, related infrastructure, as well as the configuration and adaptation of warehouses.
The program is open to entrepreneurs, excluding entities in the financial sector.
Funding is available in the form of non-repayable grants and repayable loans totaling PLN 4.15 billion. A total of PLN 3,735,000,000 is allocated for grants and PLN 415,000,000 for loans.
The total amount of a grant shall not exceed 45% of the total investment cost of supported projects but that figure may be increased to 55% for medium-sized companies and 65% for small companies. Meanwhile, funding in the form of a loan will be granted for up to 100% of eligible costs.
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