Poland's energy transition to cost EUR 355 bln by 2040

Green Energy

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Poland's energy transition in the years 2021-2040 is likely to total PLN 1.6 trillion (EUR 355 billion), according to Poland's new energy policy, valid till 2040, news agency PAP reports.

According to the new guidelines, renewable energy will constitute at least 23% of final energy consumption by 2030.

Offshore wind farms will generate 5.9 GW of power by 2030 and 11 GW by 2040. Poland also aims to reduce greenhouse gas emissions by about 30% by 2030, as compared to 1990. The energy transition costs are likely to total PLN 1.6 trillion (EUR 355 billion), according to the report.

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