HomeWorld RegionsEuropePoland next in line to cut subsidies for renewables

Poland next in line to cut subsidies for renewables

Poland is planning to cut renewable energy subsidies after the continuing economic slump boosted the budget deficit, according to the deputy economy minister.

Bloomberg reports that Jerzy Pietrewicz (pictured on the left), who was appointed in February, confirmed that he is updating proposals set out in the renewable energy draft law, which was drawn-up last October.

They’ll be combined with a “more balanced economic approach” to energy, emphasizing wind and biomass plants while keeping a lid on solar photovoltaic, he said.

In his first interview on renewables since taking office, Pietrewicz said: “We don’t plan a retreat from support, but we see that progress in technology allows us to reduce rates proposed earlier.”

Poland estimates that the cost of state support for renewables will rise to 10.8bn zloty ($3.4bn) in 2020. Meanwhile, the government budget deficit in the first quarter widened to 25bn zloty, the highest in a decade.

Any subsidy cuts in Poland follow similar reductions in Spain, Italy, Germany, France and the Czech Republic.

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