Poland commits $1.2 billion to kickstart first nuclear power plant project

Poland has allocated 4.6 billion zloty ($1.2 billion) from its 2025 budget to begin developing the country’s first nuclear power plant, aiming to diversify its energy mix and lower electricity costs.  

The initial funding marks the largest investment in Poland’s history, with the government projecting around 60 billion zloty needed for the 2025-2030 phase. The US will provide additional funding and technology for the project. The plant, expected to be located near the Baltic Sea, is slated to begin operations in about ten years.

An International Atomic Energy Agency (IAEA) review mission in April praised Poland’s progress in building nuclear infrastructure. The Phase 2 Integrated Nuclear Infrastructure Review, conducted at Poland’s request, assessed the country’s readiness to move forward with its first nuclear power plant project.  

In addition to its nuclear ambitions, Poland recently announced a €5 billion ($5.46 billion) loan program for offshore wind energy, supported by EU recovery funds. State-owned bank BKG will provide loans for projects with a minimum installed capacity of 300 MW, with agreements available until August 31, 2026, and repayment periods extending up to 2053.