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11 Billions US Dollars! EU Approves Polish Renewable Energy Support Policy

The European Commission said the Polish government's plan for renewable energy and plans to reduce financial support for energy-intensive users are in line with the EU's aid policy. European Commission recently approved the Polish government worth 11 billion US dollars renewable energy support policies. The program helps Poland achieve its 2020 environmental and climate change targets by levying surcharges on electricity consumers.

"We want to promote the development of green energy and protect the environment while promoting the economic development of Europe," said Margrethe Versager, EU's head of competition policy. "The Polish renewable energy policy will further increase the proportion of green energy in Poland and contribute to the national energy transformation At the same time, it will also increase the competitiveness of companies that rely heavily on energy. "

According to the plan, Poland has completed two rounds of bidding for renewable energy and the remaining tenders will be completed by June 30, 2021.

The European Commission said: "The cost is designed to help these facilities compensate for the cost of selling electricity in the market that is uncollectible, resulting in a reasonable return on investment."