A new report forecasts that Poland’s share of renewables in its power capacity mix will more than double the current total and reach 39 per cent by 2030, supported by the recently-revised renewable energy sources act.
The study from analysts at research firm GlobalData found that renewables in the country’s energy mix in 2018 was 16.9 per cent while thermal power continued to dominate with a 78.1 per cent share, and hydro with 5 per cent.
In the non-hydro renewable energy mix, wind represented a 75.5 per cent share followed by biopower and solar PV with 20.9 and 3.6 per cent respectively.
GlobalData power analyst Piyali Das highlighted that Poland has a target of meeting 15 per cent of its energy from renewables in gross final energy consumption by 2020.
“Recently, the country has revised its renewable energy sources act to focus on recommendations to meet the country’s renewable energy target. This amendment cleared the bottlenecks for conducting onshore wind auction of 2.5 GW by the end of 2019.”
The Polish government sees both onshore and offshore wind as vital to meeting its goals, and the revised renewable energy act extended deadlines for interconnection agreements while also setting rules for a Guarantees of Origin scheme. These actions will ensure more stable wind farm revenues for corporations, said GlobalData.
Das added: “Power traders in Poland are importing cleaner and cheaper energy from neighbouring countries to meet the country’s demand. This is piling more pressure on the high-cost of coal fired plants and paving the way for wind energy to meet the renewable energy target. Investors will find opportunities in Poland’s wind power market, as it can bring maximum penetration of the renewables with the government’s support.”