Responding to climate risk requires changes not only in the real economy but also in the financial sector, exposing both to new risks and opportunities. Financing power companies under this new paradigm demands long-term investment analysis with a clear environmental impact, as well as strict compliance with criteria for climate-neutral developments. It requires a fundamentally new approach to funding and expertise beyond traditional planning practices, as successful adaptation to the green transition depends on strategic investments and capital allocation. A broad range of green finance products and services has already been developed, encompassing investment, banking, and insurance solutions available to power companies. Meeting climate-neutrality targets means executing initiatives and projects aligned with sustainable development, carbon-free products, and climate-neutral policies. Financial markets now prioritize green, sustainable investments, clean technologies, and carbon-free operations, necessitating innovative funding solutions for green portfolios, grid modernization, operational digitalization, and smart customer technologies.
Adapting to new market conditions also requires exploring partnerships with investors, such as joint ventures, green bonds, and strategic collaborations. Cooperation networks can extend to industrial customers (e.g., on-site energy solutions), suppliers of heat pumps and photovoltaics, and municipalities. Industrial clients may participate in risk-hedging arrangements for renewable energy investments through Power Purchase Agreements (PPAs). Additionally, EU funds dedicated to supporting the green transition can be leveraged to develop sustainable production assets and products. Capital can also be raised through divestment of non-profitable fossil-based assets.
A well-structured sustainable financial system creates and values financial assets, enabling transactions that foster genuine prosperity and meet long-term sustainable development needs. Promoting large-scale, economically viable green finance ensures that environmentally friendly investments are prioritized over projects promoting unsustainable growth. This approach encourages long-term analysis of investment impacts, integrating environmental, social, and governance criteria into decision-making across all sectors and asset classes.
For example, banks increasingly treat climate risk as a factor influencing loan approvals, adjusting both lending terms and capital costs based on the environmental impact of financed projects. Establishing clear criteria for defining assets as “ecological” or classifying financing as “green” or “sustainable” is essential. This ensures transparency in capital flows toward sustainable investments and supports the assessment of climate risk in an evolving financial market. Climate-friendly investments are therefore prioritized over unsuitable expenditures, requiring power companies to actively participate in green financial markets to raise capital and align operational activities with the global green transition. In summary, green finance promotes long-term investments that support climate protection targets and respond proactively to climate risk, ensuring the resilience and sustainability of the energy sector. An example of a regulatory framework supporting this approach is the EU Taxonomy for sustainable solutions (European Commission, November 2020), which defines the conditions an economic activity must meet to qualify as environmentally sustainable, helping investors evaluate climate impacts of their investments.
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