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Poland’s National Environmental Protection and Water Management Fund to co-finance PGE PV farm

PGE Energia Odnawialna (PGE Renewable Energy) part of Polish state-owned PGE Group has signed an agreement with Poland’s National Fund for Environmental Protection and Water Management (NFOŚiGW) for co-financing of the company’s eight megawatt (MW) photovoltaic (PV) farm, which is currently under construction.

The project’s total cost is estimated at 22.2 million zlotys (4.7 million euros) with 18.9 million zlotys (4.1 million euros) provided by NFOŚiGW.

The PV power plant, planned in the Szprotawa commune in the Lubuskie voivodeship, is set to be constructed with the necessary accompanying infrastructure including inverters, transformer stations and internal cable lines connecting installation elements. The plant is also expected to be equipped with a monitoring system and remote control of the plant’s equipment.

“The implementation of the project co-financed by the National Fund for Environmental Protection and Water Management is an important step towards implementing our plans to build new generating capacity from renewable energy sources. By the end of 2023, the PGE Group will have fully built or under construction PV power plants with a total target capacity of approximately 500 MW,” said Marcin Karlikowski, President of PGE Energia Odnawialna’s management board.

By 2030, PGE aims to reach three gigawatts (GW) of photovoltaic capacity. At present, the company has secured approximately 3,000 hectares of land for these projects, with an estimated capacity of over two gigawatts.

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