The share of renewable energy in Poland’s power capacity mix reached 16.9% in 2018 and is expected to reach 39.1% by 2030 supported by the recently revised renewable energy sources act, according to GlobalData, a leading data and analytics company.
GlobalData’s latest report, ‘Poland Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive Landscape’, reveals that thermal power dominated the country’s capacity mix in 2018 with a 78.1% share, followed by renewable energy with 16.9% and hydro power with 5%. In the non-hydro renewable energy mix, wind represented a 75.5% share followed by biopower and solar photovoltaic (PV) with 20.9% and 3.6%, respectively.
Piyali Das, Power Industry Analyst at GlobalData, commented: “The country has a target of meeting 15% 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 gigawatt (GW) by the end of 2019.”
The Government of Poland sees both onshore and offshore wind as highly important to meeting its goals, and the revised renewable energy act extended deadlines for interconnection agreements while also setting rules for the Guarantees of Origin (GOs) scheme. These actions will ensure more stable wind farm revenues for corporations.
Das concludes: “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.”