Poland invests over $1 billion in wind farm development

Operator of Poland’s electricity grid, PSE is planning a giant investment in wind farms on the Baltic coast. The project should partly replace electricity generation from coal-fired power plants on which Poland has yet to rely.

The total amount of the investment is to reach 4.5 billion zlotys, equivalent to approximately $1.23 billion. The Baltic Sea shore wind farm project is due to be completed by 2030, when turbines should plug into the electricity grid and supply mainly Polish households.

“Offshore wind farms will change the way Poland’s energy sector works,” PSE, which is a power grid operator in Poland, said in a statement. The investment is not only intended to go into the construction of new turbines, but also to refurbish existing ones, PSE added.

Poland still generates around 70 percent of electricity using coal burning in thermal power plants. By 2040, however, it wants to increase the installed capacity of offshore wind farms to 11 gigawatts. This corresponds to about 20 percent of Poland’s total installed power generation capacity, according to the PSE.

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