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16 Mar 2024

Poland to Spend $16 Billion on Power Grid by 2034

16 Mar 2024  by reuters   

Electric poles are seen near Belchatow Power Station, Europe's largest coal-fired power plant powered by lignite, operated by Polish utility PGE, in Kleszczow, Poland, November 22, 2023. REUTERS/Kacper Pempel/File Photo Purchase Licensing Rights
Poland's power grid operator PSE plans to spend 64 billion zloty ($16 billion) by 2034 to build new high-voltage power lines and connect planned renewable and nuclear capacity, as part of the country's drive to wean itself off coal.

State-owned PSE said on Friday its draft investment plan aimed to build 4,850 kilometers (3,014 miles) of 400 kilovolt (kV) transmission lines to help the country switch to cleaner energy and meet its goal of climate neutrality by 2050.

Poland currently generates the majority of its electricity from coal. Its new government, elected in October, has said it wants to kick-start the switch to a lower carbon economy.

Grid upgrades are needed to help deliver plans for 18 gigawatts (GW) of offshore wind farms, 45 GW of solar capacity, and 19 GW of onshore wind farms, as well as a nuclear power plant on the Baltic coast and small nuclear reactors, PSE said.

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