Poland's Industrial Development Agency (ARP) has signed a letter of intent with US company General Electric in a bid to boost the country's competence in conventional and new renewable energy generation, ARP said in a news release on Friday.
Grants from the Norwegian and European Economic Area Funds are to be made available for bilateral projects in the fields of renewable energy, energy efficiency, energy security and reducing climate change, Poland's Ministry of Climate announced on Friday.
The use of renewable energy in total energy consumption edged up by 0.26 percentage point to 11.16 percent in 2018, Poland's Central Statistical Office has reported.
The European Bank for Reconstruction and Development (EBRD) plans to support the development of renewable energy projects in Poland. In 2019, it wants to invest more than in 2018, PAP has been told by an EBRD director.
The international project will explore ways of overcoming the storage and transport of electricity generated by renewables.
Scaling up renewable energy sources in Poland would benefit the economy, improve people’s health, and reduce serious environmental problems, says a new World Bank report.
The European Bank for Reconstruction and Development could invest up to EUR 650 million in Poland in the present year, and even more in 2019, EBRD's Director for Poland Grzegorz Zieliński told PAP.