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    Home > Chemicals Industry > International Chemical > Poland's PGE finally abandoned its nuclear power program

    Poland's PGE finally abandoned its nuclear power program

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    Recently, Poland's largest power group, PGE, has decided to abandon its plans to build the country's first nuclear power plant and focus its investment on offshore wind
    .

    State-owned refiner PKN Orlen could take over PGE's stake in nuclear power projects, while the latter focuses on $10 billion offshore wind projects
    , Reuters reported.
    The entry into renewable and nuclear energy is a major change
    in Poland's energy policy.

    So far, the country relies on coal for about 80 percent of its energy, but that makes the country one of
    the EU's major polluters.

    PGE is understood to be unable to fund both projects, and cheap technology has turned that decision in the wind's direction
    .
    The role of PGE in nuclear power projects may be delayed, but government approval
    is still required.
    In addition, the Polish parliament is currently introducing a bill aimed at promoting the construction
    of wind farms.
    If the law passes, several other large wind farm projects could also proceed
    .

    PGE said in March that it hopes to build 2.
    5 gigawatts of offshore wind farms
    by 2030.

    Analysts and investors say offshore wind farms are the easiest and quickest way for Poland to fill the expected capacity gap in coal and reduce carbon dioxide emissions, in line with the EU's 2030 target
    .

    The decision to open up the offshore power sector may also attract outside investors
    .
    Statoil said in April it would join Polenergia's offshore project, which has attracted interest
    from other international wind companies.

    The Polish Wind Energy Association estimates that an offshore wind farm with a total capacity of 6 GW will help create about 77,000 new jobs and add about PLN 60 billion to economic growth
    .

    :/, please indicate the source for reprinting)

    Recently, Poland's largest power group, PGE, has decided to abandon its plans to build the country's first nuclear power plant and focus its investment on offshore wind
    .

    nuclear power

    State-owned refiner PKN Orlen could take over PGE's stake in nuclear power projects, while the latter focuses on $10 billion offshore wind projects
    , Reuters reported.
    The entry into renewable and nuclear energy is a major change
    in Poland's energy policy.

    So far, the country relies on coal for about 80 percent of its energy, but that makes the country one of
    the EU's major polluters.

    PGE is understood to be unable to fund both projects, and cheap technology has turned that decision in the wind's direction
    .
    The role of PGE in nuclear power projects may be delayed, but government approval
    is still required.
    In addition, the Polish parliament is currently introducing a bill aimed at promoting the construction
    of wind farms.
    If the law passes, several other large wind farm projects could also proceed
    .

    PGE said in March that it hopes to build 2.
    5 gigawatts of offshore wind farms
    by 2030.

    Analysts and investors say offshore wind farms are the easiest and quickest way for Poland to fill the expected capacity gap in coal and reduce carbon dioxide emissions, in line with the EU's 2030 target
    .

    The decision to open up the offshore power sector may also attract outside investors
    .
    Statoil said in April it would join Polenergia's offshore project, which has attracted interest
    from other international wind companies.

    The Polish Wind Energy Association estimates that an offshore wind farm with a total capacity of 6 GW will help create about 77,000 new jobs and add about PLN 60 billion to economic growth
    .

    :/, please indicate the source for reprinting)

    /
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