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Energy Polish Briefing 5 May, 2021 9:00 am   

Polish Briefing: Poland ratifies the Recovery Fund | Presidents of Poland and Estonia discuss energy issues

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What goes on in Poland on the 5th of May.

The Sejm ratified the Recovery Fund to finance the National Recovery Plan

The act ratifying the establishment of the Recovery Fund (KPO) was adopted by the Sejm of the Republic of Poland. It was supported by 290 MPs from the United Right, the Left, the Polish Coalition and Poland 2050. Thus, the EU fund will finance Poland’s National Reconstruction Plan, which contains investments worth tens of billions PLN in energy and climate.

Poland ratified the act on increasing the European Union’s own income, which will enable the launch of the EU Reconstruction Fund, which will finance the National Reconstruction Plan drafted by Poland. It includes investments in energy and climate, as well as other measures to restore economic development after the crisis caused by the coronavirus pandemic. The first funds from the fund worth EUR 750 billion will go to Poland in 2021.

KPO consulted with the European Commission assumes PLN 108 billion of expenses, including nearly PLN 28 billion for green energy and reduction of energy consumption, and over PLN 28 billion for green and intelligent mobility.

Presidential discussion on RES and Orlen’s hydrogen as drivers behind the climate policy of the Three Seas Initiative

The presidents of Estonia and Poland discussed cooperation for the benefit of energy and climate. Companies from these countries can cooperate in the sectors of Renewable Energy Sources, and their diplomacy together implement the climate policy of the European Union.

Estonian President Kersti Kaljulaid spoke at the Pol-Est Green Bridge conference organized by the Polish-Estonian Chamber of Commerce about the investment potential of Estonian companies in Renewable Energy Sources in Poland. In this context they also mentioned the need to create the necessary regulations to encourage investment. “Estonian energy companies have many interests in Poland, including in photovoltaics,” she assessed. The Estonian company Enefit is already present on the Polish market, and installs photovoltaic panels there. It is worth adding that Poland has announced the liberalization of the proximity act, opening the possibility of building onshore wind farms.

Polish President Andrzej Duda reminded, in line with his Estonian counterpart, that energy reaching the European Union should be produced in compliance with emission standards, so that production does not escape beyond its borders. “We must be sure that energy in the European Union is produced in accordance with all standards. There is no such certainty about import. We do not know if such energy is produced in accordance with our standards,” he assessed.