Poland Solar Photovoltaic (PV) Power Market Reached 3.89 GW in 2020 - Trends, Investments, Financial Model, Analysis, COVID-19 Impact
/17th March 2021, RENEWABLE MARKET WATCHTM/ 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 2020÷2030. This market report offers an incisive and reliable overview of the photovoltaic sector of the country for the next 10 years period 2020 ÷ 2030. Poland is a very interesting market, due to its political and economic stability, high prices for electricity, and heavy dependence on coal and lignite in power generation, which should be changed to comply with EU renewable policy. The country is well on track to reach its NECP goal of 7.8 GW of solar by 2025. The Polish institute IEO has reported that by December 2020, 10 GW worth of preliminary grid project permits were acquired, marking the sustained growth of solar in Poland. Because of cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria Romania, and Italy, Poland represents a stable investment environment in Central-East Europe. Consuming 77 million tonnes of coal per year, Poland is the 10th largest coal consumer in the world and the 2nd largest in the EU, after Germany. The Central Mining Institute of Poland estimates that coal production will fall by one third in 2030 if no investments are made in the sector.
Poland's total surface area is 322,500 sq. km. (312,685 sq. km. of land, 1,200 sq. km. of inland waters, and 8,700 sq. km. of territorial waters). This makes it the ninth largest country in Europe, after Russia, Ukraine, France, Spain, Sweden, Germany, Finland, and Norway, and the 63rd largest in the world. Poland borders Germany to the west (with a long border on the Oder River), the Czech Republic and Slovakia to the south (mountain borders), and Ukraine, Belarus, and a part of Lithuania to the east. A small, separate fragment of Russia known as the Kaliningrad Oblast borders part of Poland to the north. The rest of the northern border is made up of the beaches of the Baltic Sea. The international routes crossing Poland have been constantly developed and modernized. Transport investments are possible largely thanks to the cooperation between national roads’ directorates and local governments of the neighbouring countries and with the substantial help of funds and subsidies from the EU.
In the Republic of Poland, electricity from renewable sources is promoted mainly through a tender system for the definition of the support level of a feed-in tariff or premium. The installations launched before 1 July 2019 are allowed to choose between the tenders and a quota system. Electricity suppliers are obliged to acquire a certain number of so-called "certificates of origin", which are issued to the producers of electricity from renewable sources. Furthermore, electricity from renewable sources is supported through tax relief as well as loan and subsidy schemes from the National Fund for Environmental Protection and Water Management (NFOŚiGW).
As of 2007, the electricity market in Poland was made completely open. The Energy Regulatory Office (ERO) was established in 1997 with the aim of supporting, among other things, uniformity of solutions in the field of energy regulation, adoption of the relevant EU standards thus facilitating appropriate structural and system transformations. The grids must also be urgently extended and upgraded to foster market integration and maintain the existing levels of system security, but especially to transport and balance electricity generated from renewable sources, which is expected to more than double in the period 2020-2030.
Poland is the most developed market for corporate renewable PPA among the Eastern European countries. BayWa r.e. and HeidelbergCement, one of the world’s leading vertically-integrated building construction materials companies, have signed a 10-year corporate Power Purchase Agreement (PPA) for the Witnica solar park in Poland. Due for completion in the first half of 2021, the park, developed and built by BayWa r.e., is located near Witnica, close to the German border between Poznań and Berlin. The solar park will be the largest in Poland, with a capacity of 64.6 MWp, and will deliver the most cost-efficient green electricity anywhere in the country.
By geographical distribution, the largest share of solar photovoltaic (PV) capacity in Poland belongs to the Lublin province with more than 10 % of all installations in the country. Is it possible Polish solar PV market to start growing sizeable soon? How the referential feed-in tariffs, feed-in premiums, and auction scheme from 1st July 2016 will influence the photovoltaic market in Poland this and next years?
What is the economics of solar photovoltaic (PV) projects in Poland? The answer you will find enclosed in the report Poland Solar Photovoltaic (PV) Power Market Outlook 2020÷2030 with the included detailed Financial Model and Analysis of 5 MW Photovoltaic (Solar PV) Power Plant investment in Poland (IRR, WACC, Payback, NPV, Cash Flow, etc.)
The report provides a complete picture of the market situation, dynamics, current issues, and prospects. You will find more than 120 pages of valuable information in this unique in-depth analysis of the Polish photovoltaic (solar PV) market will receive an overview of how the COVID-19 (Coronavirus) will impact it. With comprehensive market data, this report brings clear and concise insights, to help investors in their decision-making process. As 2020 was a challenging year for the photovoltaic industry, the time for making the right decisions during 2021 and the next years is limited. A fast-changing market environment with falling module prices requires relevant and accurate information. For your convenience, we offer opportunities for orders with customized report content.
Reasons to buy this market report are, but not limited to:
- Overview of the Polish political and economic environment
- Solar resource potential in Poland
- Financial Model and Analysis of 5 MW Photovoltaic (Solar PV) Power Plant investment in Poland (IRR, WACC, Payback, NPV, Cash Flow, etc.)
- Over 55 charts, tables, and maps
- Overview of Polish photovoltaic market development 2010 ÷ 2030
- Grid-connected photovoltaic installations
- Future market trends and planned photovoltaic projects for 2020 ÷ 2030
- Market prices of fully permitted and operational photovoltaic projects
- Polish legal and energy regulatory framework for renewable projects
- Key companies and competitive landscape in the photovoltaic sector
- Review of most relevant financing and supporting incentives
- SWOT Analysis (detailed in 5 pages)
The more information about the solar power market in Poland including full contact details of solar project owners and developers you may read here: Poland Solar Photovoltaic (PV) Power Market Outlook 2020÷2030
To download the executive summary brochure with sample pages, please access from here: Poland Solar Photovoltaic (PV) Power Market Outlook 2020÷2030 - Sample
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