- EUR 600 million in green Eurobonds issued with 3.625% interest, maturing in 2032.
- Over 60% of bonds allocated to ESG-focused investors, with EUR 1.49 billion subscribed.
- ORLEN plans PLN 350-380 billion investment by 2035, 40% in Energy segment.
- Net-zero emissions targeted by 2050, coal phase-out by 2035.
Green Eurobond Issuance
ORLEN has issued EUR 600 million in green Eurobonds, attracting strong investor interest with a demand 2.5 times the issue size. The bonds carry a fixed interest rate of 3.625% and mature in 2032. Over 60% of the bonds were allocated to ESG-focused investors, with a total subscription amount of EUR 1.49 billion.
Investment Strategy
ORLEN plans to invest between PLN 350 and 380 billion by 2035, with 40% allocated to the Energy segment. Key projects include modernizing power and gas distribution networks, expanding renewable energy, and constructing energy storage facilities, CCGT units, and small modular reactors (SMRs).
Energy Transition Goals
The funds from the bond issue will support ORLEN's energy transition and climate mitigation efforts. This includes developing new renewable energy capacities, expanding zero-carbon transport infrastructure, and improving energy efficiency. All spending aligns with ORLEN's Green Finance Framework, which has been independently reviewed by Moody’s Ratings.
Commitment to Sustainability
ORLEN aims to end coal-fired power generation by 2030 and phase out coal from heat generation assets by 2035, replacing it with gas-fired units, renewables, hydrogen, and SMRs. The overarching goal is to achieve net-zero emissions by 2050.
