Four of the largest banks in Poland will work together to secure funds for the construction of small modular reactors

State-owned national development bank Bank Gospodarstwa Krajowego, Bank Pekao, the country’s largest bank PKO Bank Polski and Santander Bank Polska cooperate to prepare “an optimal financing model” and secure investment for Polish energy giant Orlen’s ambitious SMR plans.

“The largest banks in Poland have believed in our project and are ready to participate in financing the energy transformation of our country,” said Jarosław Grodzki, chairman of Orlen Synthos Green Energy (OSGE), a joint venture between Orlen and Synthos Green Energy, part of the largest chemicals industrial group in Poland.

“The scale of our investments ranks them among the largest in the country, but the group of partners with whom we intend to do it is a guarantee of success,” Grodzki said.