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EU Clears Polish State Aid for First Nuclear Plant as Initial Funds Roll Out

The approval greenlights a financing model using PEJ equity, state debt guarantees, and contracts‑for‑difference to advance Poland’s reactor build.

Overview

  • The European Commission approved Poland’s state-aid package for the Lubiatowo‑Kopalino project, and the government says the first tranche will be paid in December.
  • The €42 billion plant in Pomerania is planned as three reactors totaling 3,750 megawatts near the Baltic Sea coast.
  • Poland will cover about 30% of construction via the state operator PEJ, guarantee project borrowing, and use contracts‑for‑difference to stabilize revenue.
  • Construction is scheduled to begin in 2026 with commercial operation targeted around 2033 after roughly seven years of building.
  • Westinghouse was selected in November 2022 to build the facility, which is intended to displace coal use as the EU enforces single‑market competition rules.