European Commission approves Poland's state aid for its first nuclear plant: PLN 60B equity, full debt guarantees, 40-year price contract

Polskie Elektrownie Jądrowe/Lubiatowo-Kopalino nuclear plant

The European Commission cleared Poland's support package for the three-reactor plant after a formal review opened in Dec 2024. The state will inject about EUR 14B of equity, guarantee all of the project's debt and give it a contract for difference that steadies its revenue for 40 years. In return, most of the output must be sold on open markets.

• Total investment cost put at about EUR 42B; equity covers roughly 30%.
• Price contract cut from the proposed 60 years to 40.
• 70% of annual output must be sold on power exchanges, the rest through open auctions.
• PEJ is fully owned by Poland's State Treasury.