General Electric to invest in Poland’s renewables

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Photo by Shaiith/Shutterstock.com

Poland’s state-owned Industrial Development Agency (ARP) has signed a letter of intent with U.S. giant General Electric on investment in the area of renewable energy, Radio Poland reports.

Polish wind farm. Photo by Shaiith/Shutterstock.com

The partnership aims at boosting Poland’s competence in energy generation from renewables, with a premium put on developing the country’s offshore wind farms and photovoltaic projects, ARP said in a press release on Friday.

Poland gives a special focus to offshore energy where investments are estimated at PLN 100 billion (USD 26.15 bln), according to the country’s Development Ministry, Radio Poland said.

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