Poland takes significant step towards building first nuclear plants

Poland took a significant step towards its first nuclear power plant with the signing of a deal between the Polish government and a consortium of U.S. companies, including Westinghouse and Bechtel. The nuclear plant, to be situated in the Pomerania region near the Baltic Sea, is a central part of Poland’s move away from fossil fuels.

The $40 billion agreement with state-owned Polskie Elektrownie Jadrowe (PEJ) involves the construction of two plants, each with three reactors. The first reactor is expected to be online by 2033, with the entire project operational within a decade after that.

Poland views nuclear energy as a crucial element of clean energy and a means to reduce dependence on Russian energy supplies.

The government believes that without nuclear energy, along with large-scale and small modular reactors (SMRs), achieving climate ambitions and ensuring energy security will be challenging.

However, the stance on nuclear energy differs within the European Union. While countries like France support nuclear energy, Germany and Spain reject the idea that it should be classified as renewable. Pro-nuclear EU member states aim to achieve 150 gigawatts of nuclear power capacity in the bloc’s electricity mix by 2050.

Currently, there are 103 reactors in 13 of the EU’s 27 member states, contributing to approximately 25% of the EU’s energy, with more than half produced in France. Only Italy and Lithuania have completed a total phase-out of nuclear power so far.

QUATRO Strategies International Inc. is the leading business insights and corporate strategy company based in Toronto, Ontario. Through our unique services, we counsel our clients on their key strategic issues, leveraging our deep industry expertise and using analytical rigor to help them make informed decisions to establish a competitive edge in the marketplace.

Make strategic decisions with confidence!

Learn how we can support you in setting the right strategy in a fragmenting global economy.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Saudi Arabia to extend 1 million barrel oil cut into October

Saudi Arabia is likely to extend its voluntary 1 million-barrel oil supply cut for the third consecutive month into October, according to predictions from five Wall Street analysts. The initial cuts appear to have been effective, with oil prices rising by about 15% in the past month to around $86 a barrel. Despite this, a gradual increase in oil prices has reversed in the past week due to concerns about weak economic data from China and the upcoming Jackson Hole symposium.

Foreign investment in Vietnam continues to surge

Foreign investment in Vietnam has seen a significant increase in October, with the country attracting more than double the average monthly foreign investment commitments it has received throughout the year. In October, Vietnam secured foreign investment pledges amounting to…

Namibia’s infrastructure key to develop battery metals supply chain

Namibia is emerging as a promising player in the global battery metals supply chain, aiming to become a manufacturing hub for key minerals crucial in the transition to clean energy. The southern African nation boasts substantial deposits of lithium, an essential element for…

Stay informed

error: Content is protected !!