Interest in financing Poland’s first nuclear power plant has exceeded all expectations. Polskie Elektrownie Jądrowe successfully positioned the project on the market, while banks from several continents expressed concrete willingness to participate. This oversubscribed commitment not only strengthens the financing but also the role of the nuclear power plant in the future energy system. At the same time, nuclear energy is gaining greater prominence, as credit institutions, government agencies, and the European Commission are working closely together. The stable capital structure fosters confidence and increases the project’s international visibility. (pej: 10.12.25)
Financing Takes Clearer Shape Through Banks
More than 30 banks from Europe, Asia, and North America participated in the structured market test. Polish credit institutions also took part. The process began with a central kick-off meeting, followed by numerous individual discussions. During these meetings, the project team answered several hundred detailed questions. Topics such as the EU-compliant funding mechanism, the timeline, and the nuclear power plant’s safety standards dominated the discussions. Simultaneously, dialogue was conducted with export credit agencies, which broadened the financing base.
The strong response from the banking sector signals a shift in the perception of nuclear energy. Nuclear power is increasingly seen as a reliable complement to renewable energy sources. Political representatives emphasized that this dynamic underscores the strategic importance of the nuclear power plant. At the same time, they praised PEJ’s professional preparation, as transparency and structure facilitated market access.
Nuclear Power Plant as a Strategic Anchor
The results of the market test provide a sound basis for decision-making. PEJ received 26 indicative offers, the total volume of which significantly exceeds the actual demand. These commitments supplement existing letters of intent from export credit agencies amounting to approximately 100 billion zlotys. The planned model stipulates that about 70 percent of the investment sum will be covered by financing on the capital market. The state will provide the remainder. This creates a balanced capital structure that distributes risks and increases planning certainty.
From a business perspective, this step also marks a turning point. The clear structure allows for precise fine-tuning of the financing architecture. Banks and public partners thus gain a reliable foundation for long-term commitments. The nuclear power plant in Choczewo is thus developing into a benchmark project for major infrastructure projects in Europe.
European Commission provides regulatory clarity
An additional impetus came from the European Commission. At the beginning of December, the EU Commission approved state support for the nuclear power plant. The decision was swift and met the expectations of the Polish side. This green light eliminated key regulatory uncertainties and significantly facilitates further financing. Banks consider this clarity a crucial factor for securing binding commitments.
In parallel, PEJ is preparing for the next phase. A comprehensive due diligence review is being conducted in collaboration with external consultants. This analysis covers economic, technical, and legal aspects. Based on this, binding offers will be submitted by banks and export credit agencies. Negotiations on the loan documentation will then commence, allowing the project to move forward operationally.
Nuclear Energy Gains Support
The interplay of political support, market demand, and regulatory safeguards is sustainably strengthening the position of nuclear energy. Nuclear power is once again developing into a stable pillar of energy security. For Poland, the nuclear power plant therefore represents more than just a construction project. It stands for energy sovereignty, economic stability, and international cooperation. The overwhelming demand for financing clearly demonstrates that banks, the government, and the EU Commission recognize this signal.