Poland: Will Receive 1.2 Billion Euros In Renewable Energy Subsidies
Oct 17,2024
Recently, the European Commission approved a 1.2 billion euro plan to support renewable energy equipment investment in Poland.
The aid program will provide direct funding to Polish companies that produce batteries, solar panels, wind turbines, heat pumps, electrolyzers and carbon capture equipment, while also providing support to companies that provide parts or raw materials needed for renewable equipment manufacturing.
The funding under the program will be fully in place by the end of 2025.
Margrethe Vestager, the executive vice president of the European Commission responsible for competition policy, said the investment is in line with the goals of the Green Deal Industrial Plan and the EU's climate neutrality goals.
"At the same time, distortions of competition remain limited," Vestager added.
The European Commission said the state aid program was approved under the European Commission's Temporary Crisis and Transition Framework (TCTF), which was adopted in March 2023 to provide assistance to EU member states to accelerate their green energy transformation.
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