The European Commission has approved approximately PLN 10 billion (USD 2.4 billion/EUR 2.3 billion) in financing for offshore wind farm projects in Poland under the country's Recovery and Resilience Facility (KPO), according to Minister Katarzyna Pelczynska-Nalecz.
The approval covers the second and third instalments of the KPO, with EUR 5.3 billion allocated in loans and EUR 4.1 billion in grants.
This financing supports the accelerated deployment of renewable electricity in Poland, a key part of the country's green transition.
The European Commission highlighted Poland's significant progress, notably achieving its 2023 target of 23 GW of onshore wind and solar capacity.
In total, Poland's KPO plan includes investments and reforms across various sectors, including healthcare, digitalization, spatial planning, labor market development, energy efficiency, air quality, and clean mobility.
The KPO plan, valued at EUR 59.8 billion, is financed through a combination of loans (EUR 34.5 billion) and grants (EUR 25.3 billion).
Following a preliminary assessment of Poland's progress towards meeting the plan's milestones and targets, the Economic and Financial Committee will have four weeks to deliver its opinion, after which the payment to Poland will be finalized.
