European Commission Approves Prolongation of Polish Support Scheme for Renewable Energy Electricity Generation with a Budget of EUR 9.4 Billion
/LONDON, December 1, 2021, 11:00 GMT, European Commission, RENEWABLE MARKET WATCHTM/ The European Commission has approved, under EU State aid rules, the prolongation of an existing scheme to support electricity production from renewable sources in Poland. The measure was initially approved in 2017 (SA.43697), with a budget of approximately €9.4 billion (PLN 40 billion), and was set to expire on 30 June 2021.
On 17 December 2020 (SA.59015) the Commission approved an extension of the duration by six months, until end 2021. The Commission has now approved the prolongation of the scheme for the period 2022-2027. Aid is granted in the form of a variable premium on top of the market price, calculated as the difference between bidding price and the wholesale electricity price. Solar photovoltaic (PV) power market in Poland reached the impressive 3.9 GW cumulative installed capacity (up from 1.3 GW in 2019), revealing the recent update of Poland Solar Photovoltaic (PV) Power Market Outlook 2021÷2030.
The Commission assessed the measure under EU State aid rules, in particular the 2014 Guidelines on State aid for environmental protection and energy. The Commission found that the aid is necessary to further develop energy generation from renewable sources and to help Poland meet its environmental targets, set at European and national level. Poland committed to carry out an ex-post evaluation to assess the features and implementation of the prolonged scheme. The Commission concluded that the prolonged measure remain in line with EU State aid rules, as it will continue to contribute to increase the share of renewable energy in Poland and reduce greenhouse gas emission, in line with the European Green Deal objectives, and without unduly distorting competition in the Single Market.
The more information and answers to your questions about the Polish Solar Power market and related content you may read here: Poland Solar Photovoltaic (PV) Power Market Outlook 2021 ÷ 2030
The more information and answers to your questions about the Polish and European Solar Power market and related content you may read here: Europe Solar Photovoltaic (PV) Power Market Outlook 2021 ÷ 2030
To download a brochure with sample pages of this exceptional report, please access from here: Sample Pages - Europe Solar Photovoltaic (PV) Market Outlook 2021 ÷ 2030
For a better understanding of the benefits of using our reports, you may read here: Benefit List - Reports of Renewable Market Watch - 2021
About Renewable Market Watch™
Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of the Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former the Soviet Union), LATAM countries and MENA countries. For more information about Renewable Market Watch™ please visit:
