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- Poland announces the commencement of a €5 billion credit scheme supported by EU recovery funds for offshore wind projects.
- Polish goals of 5.9 GW of offshore wind power by 2030 are being advanced with loans aimed at projects of at least 300 MW.
- Baltic Sea wind farm construction will be propelled by strategic alliances with PGE, Orsted, Orlen, and Northland Power.
Poland’s Offshore Wind Ambition
Poland has launched a roughly €5 billion ($5.46 billion) credit program to support offshore wind projects on the Baltic Sea, marking the beginning of a major green energy drive. This initiative, which is funded by recovery money from the European Union, is an important step in Poland’s energy transformation.
Key Support from National Recovery Plan
The State Assets Ministry emphasized that “the start of the funding program is a consequence of the agreement between the ministry and BGK, one of the milestones of the national recovery plan.” This funding is essential for projects with a capacity more than 300 megawatts (MW), and it will move forward without needing permission from the European Commission, which will expedite the process for developers.
Poland is committed to increasing renewable energy, as seen by its ambitious financing program, which has the potential to significantly alter the region’s energy balance and lessen reliance on fossil fuels.