Poland will invest $116 billion to prepare the network for green energy shutterstock

Poland will invest $116 billion to prepare the network for green energy

Katerina Belousova

By 2040, Poland is expected to have 88 GW of "green" capacity

Tomasz Sikorski, CEO of Polish grid operator PSE, said the country needs to invest about 500 billion zlotys ($116.11 billion) in transmission and distribution networks.

The country must synchronize the modernization of power grids with the growth of the park of renewable energy sources, Reuters reports.

It is noted that Poland will need a major modernization of its power grids to cope with the transfer of energy from renewable and nuclear sources. Currently, 70% of energy in the country is produced from coal. However, after the full-scale Russian invasion of Ukraine, Poland is working on a new energy strategy to reduce dependence on fossil fuels.

The article emphasized that Poland's new energy strategy envisages that 74% of energy comes from emission-free sources, including renewable and nuclear energy.

It is expected that by 2030, Poland will have 50 GW of green capacity, and by 2040 – 88 GW.

"The revised forecasts will allow us to strengthen Poland's energy sovereignty and the competitiveness of the national economy, as well as ensure energy security for citizens," said Climate Minister Anna Moskwa.

Earlier, EcoPolitic wrote, that the International Energy Agency (IEA) states that global investment in the electricity grid must reach $820 billion per year by 2030 to get on the path to limiting global warming to 1.5° Celsius.

As EcoPolitic previously reported, Piotr Kleczkowski, a professor at the University of Krakow, Poland, said that the lifting of the country's ban on residents burning brown and low-quality hard coal will lead to 1,500 premature deaths in the winter of 2022-2023.

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