+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
Loading...
{megaLeaderboard}
{normalLeaderboard}
News Article

Poland Takes First Steps to Transition to Renewable Sources

News

According to the World Health Organization, 33 out of 50 most polluted European cities are in Poland, mostly due to coal burning. Currently, the majority of Poland's electricity (93%) is generated from coal-fired thermal power plants.

The situation is about to change "“ since Polish government is interested in meeting the EU greenhouse gas emission targets (20% of energy should come from renewable sources by 2020), it established renewable auctions to encourage the sector's growth.

The biggest share (15%) of the Polish solar energy market has been just acquired by Sun Investment Group together with partners E-Energija and I+D Energias.

Sun Investment Group have purchased projects that have secured 15-year CfD tariffs via official public auctions, with plans to invest a total of around 40 million euros in building the solar plants.

A 42 MWp portfolio of solar projects with a contract for difference was secured under Poland's current support system for renewable energy. Sun Investment Group plan to expand their Polish portfolio up to 250 MWp by the end of 2020.

The company stressed Polish government's support as one of the crucial factors in their decision to invest in Poland's solar energy.

"An investor who wins the auction knows the price that will be paid for the energy produced by his plant, and this price will remain stable for 15 years. This support scheme is regulated by the state, which reassures investors and takes away uncertainty and high risk," said Sun Investment Group CEO Deividas Varabauskas. "The state evaluates its financial capabilities and controls the situation, avoiding the bubble of growth. Besides, state-organized auctions allow to measure the interest in the market and determine the right price to be paid to energy producers: if participants of one auction significantly lower the price, the price ceiling of the next auction will be lower."

Managing Partner at Sun Investment Group, Andrius Terskovas, explained that "Poland is still a niche market, but we see it as an opportunity to grow our business from medium-sized to a big player. We see our future in Poland as a long-term investor. It requires a lot of work to create an attractive portfolio, because the market is still quite segmented, but for us, the risk is spread out as we will be taking on the development of many smaller projects."

In Western European countries like France, UK and Germany, the share of solar PV is 2.5%, 3.6% and 6.1% respectively in total energy mix. To reach at least the level of France, i.e. 2.5% share of solar in the energy mix, Poland would need to have 3.5GW of solar energy. As solar energy plays crucial role in the total energy mix, this is a minimum number to be achieved - if not by 2020, then in the upcoming years.

Schletter Group: 48 MWp Project in Italy
ENCAVIS Acquires Two More Solar Parks In Spain and Surpasses The Planned Expansion
Maximum profitability with KACO advanced technology for complex solar roofs
Enviromena wins contract to re-power three major solar farms ahead of the summer energy peak
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
Next2Sun Builds World's Largest Vertical PV Plant at Frankfurt Airport
DNV Publishes Bankability Study of Solcast Satellite Irradiance Data
Steel company SSAB switches to fossil-free energy in Italy with PV solution from Solnet
janom Investments enters the Croatian solar energy industry by investing in a 30 MW power plant project
Trina Solar Vertex S+ 505W n-type dual-glass modules enter mass production
BayWa r.e. and 3E sign partnership agreement for monitoring & analytics of global PV portfolio
Accelerating Spain's Energy Transformation: LONGi to supply Naturgy with 1 million modules in new deal
NTR announces corporate PPA with Almac Group to buy energy from Murley Wind Farm, Northern Ireland
Oxford PV sets new solar panel efficiency world record
Order Intake for the Construction of Wind Turbines in Turkey
Trilantic Europe acquires stake in AEROCOMPACT Group
Octopus Energy makes solar farm debut in Germany
Austria-based KOGA Energy, a solar EPC solutions provider, has kicked off.
Exus to acquire 625MW New Mexico solar portfolio
Capcora Accompanies SUSI Partners In Raising Senior Debt For a Polish Renewables Portfolio
Qualitas Energy acquires a 96 MW wind energy project pipeline in Germany
Nordex Group receives orders from the UK for approx. 150 MW
Trina Solar gains EPD certification from UL Solutions and EPDItaly for industry leading modules
Mandarin Oriental Hyde Park, London instals innovative solar tech to decarbonise heating
Efficiency First: The Road to Electrification
SCHLETTER Supplies Austria's Largest PV Roof System
E.ON partners with UK renewable heat innovator Naked Energy
Sonnedix signs innovative EUR500 million loan facility to finance construction of its renewable electricity pipeline in Europe and UK
Construction begins on Glennmont and Ørsted’s Borkum Riffgrund 3 offshore wind farm in Germany
ABB shores up reliable power supply at Southeast Asia’s largest floating solar plant
Sonnedix starts construction of 300MW UK solar PV portfolio

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: