EBRD launches new Polish renewable energy support plan

The European Bank for Reconstruction of Development has announced the approval by its board of directors of the Integrated Approach to Polish Renewables, which should provide some 500 MW of energy capacity by 2018. The new renewable energy units financed from the program are expected to account for a CO2 emission reduction of at least 1 million metric tons. The program aims to promote private-funded investment in the Polish renewable energy sector, especially in wind power. It also aims to support power grid operators. “An estimated additional €10 billion investment in renewable energy will be needed to double Poland’s [renewable energy]capacity and to achieve national and EU targets for share of renewables in Polish energy consumption by 2030,” the bank’s statement said.