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February 25, 2019

Poland to increase investment in solar power

Poland is set to increase investment and capacity in solar power thanks to incentives for small electricity consumers to buy solar panels.

By Jack Unwin

Poland is set to increase investment and capacity in solar power thanks to incentives for small electricity consumers to buy solar panels. The country currently has 300 MW of solar capacity installed and the government expects this to increase by 200 MW annually.

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The announcement was made by Poland’s entrepreneurship and technology minister Jadwiga Emilewicz, a supporter of renewable energy at odds with a government that has promised to support Poland’s coal industry.

Emilewicz told Reuters: “It is highly probable that by 2020 and beyond, energy prices will not go down and other solutions than ad hoc cuts need to be sought because the spectrum of available instruments is limited.

“We expect that solar panels with a total capacity of 200 MW will be installed in 2019, thanks to the programme. We want around 200 MW in solar panels per year to be added in coming years.”

The Law and Justice Party of Poland supported coal production when it was elected in 2015 and made it difficult to invest in renewable energy, but eased restrictions on renewables last year due to European Union (EU) energy targets in 2020.

Coal currently makes up about 80% of Poland’s energy generation and is expected to fall to 50% by 2040. According to a recent report by European statistical agency Eurostat, renewables made up 10.9% of Poland’s energy mix in 2017, a figure that needs to increase to 15% by 2020 to comply with EU targets.

 

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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