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    Home > Finance > Poland's offshore wind support seen at 144 billion euros, PAP reports
    Finance

    Poland's offshore wind support seen at 144 billion euros, PAP reports

    Published by Global Banking and Finance Review

    Posted on December 10, 2024

    1 min read

    Last updated: January 27, 2026

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    Quick Summary

    Poland's offshore wind plans will cost 144.2 billion euros, aiming for 17.9 GW capacity by 2030. Auctions for 12 GW projects start in 2025.

    Poland's Offshore Wind Support to Reach 144 Billion Euros

    WARSAW (Reuters) - The cost of supporting Poland's plans to build 17.9 gigawatts (GW) of offshore wind capacity will be about 144.2 billion euros ($152 billion), the PAP newswire reported citing a draft climate ministry resolution.

    The climate ministry did not have an immediate comment.

    Poland said it would raise the price it will pay for wind power from new Baltic Sea projects next year after investors said the initial price was too low to meet government targets.

    The price will also vary according to the distance of the project from shore.

    In the first phase, investors, including PGE, Orlen, Equinor and Orsted are developing 5.9 GW of offshore capacity along the Polish coast set to come online by 2030.

    Auctions for 12 GW projects in the second phase are planned to start in 2025.

    ($1 = 0.9499 euros)

    (Reporting by Marek Strzelecki; editing by Jason Neely)

    Key Takeaways

    • •Poland plans 17.9 GW offshore wind capacity.
    • •Support costs estimated at 144.2 billion euros.
    • •Price adjustments for Baltic Sea projects announced.
    • •First phase includes 5.9 GW by 2030.
    • •Second phase auctions start in 2025.

    Frequently Asked Questions about Poland's offshore wind support seen at 144 billion euros, PAP reports

    1What is the main topic?

    The article discusses Poland's plans to develop offshore wind capacity, costing 144 billion euros, with a target of 17.9 GW by 2030.

    2How much will Poland's offshore wind support cost?

    The cost of supporting Poland's offshore wind plans is estimated at 144.2 billion euros.

    3What are the phases of Poland's offshore wind projects?

    The first phase involves 5.9 GW by 2030, and the second phase will start auctions for 12 GW in 2025.

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