GE may invest in Polish wind farms

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Global industrial group GE is mulling investment into Polish wind farms apart from supplying turbines, Bloomberg reported on Friday.

“We are watching the rise of wind power in the Polish energy mix with increasing interest, especially in recent months,”  Beata Stelmach, CEO for Poland and the Baltic states, was quoted as saying. “As a technology provider, we cannot exclude direct financing of wind projects.”

Wind farm developers in Poland are speeding up projects as the government plans new regulations that could reduce subsidies for wind energy. GE sees the acceleration as an opportunity.

The company expects that wind energy in Poland will become profitable without subsidies within the next 15 years, due to declining technology costs.

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