Polish energy giant Orlen forecasts a 36.3 billion zloty investment plan for 2026, detailing allocations across key sectors.
Investment Allocation Breakdown
The 2026 capital expenditure plan allocates 8.9 billion zloty to maintenance expenditures (8.8 billion zloty executed in 2025), 7.8 billion zloty to upstream operations (7.5 billion zloty), 8.9 billion zloty to downstream activities (6.6 billion zloty), 9.8 billion zloty to energy generation (8.9 billion zloty), and 0.9 billion zloty to retail (0.8 billion zloty).
Key Project Milestones
President Ireneusz Fąfara stated that Orlen expects first electricity from the Baltic Power offshore farm in July 2026. Additionally, the commissioning of the Grudziądz CCGT block and the HVO installation in Płock is anticipated within the current year.
Orlen Group Profile
The Orlen Group operates refineries in Poland, the Czech Republic, and Lithuania, conducts retail business across Central Europe, engages in extraction activities in Poland, Norway, Canada, and Pakistan, and is involved in energy production (including renewables) and natural gas distribution. As part of building a multi-energy conglomerate, the company finalized acquisitions of Grupa Lotos and PGNiG, along with a majority stake in Grupa Energa. Its consolidated sales revenue reached 296.95 billion zloty in 2024. Listed on the Warsaw Stock Exchange since 1999, it is a component of the WIG20 index.