Developers say Polish solar market is set to expand quickly in coming decade

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:After growing more than six-fold over the last two years, Poland’s solar energy market is only getting started as European climate goals force the country to speed up its exit from coal, a leading photovoltaic developer said.Photovoltaic power is set to dominate the country’s energy mix by 2040, according to the government’s prediction that sees the capacity growing to as much as 16 gigawatts by then from 2.5 gigawatt now.As ambitious as this goal appears, Poland’s target is “extremely conservative” and could be achieved 10 years earlier than envisaged, according to Deividas Varabauskas, the chief executive officer of Lithuania-based Sun Investment Group.Varabauskas said Poland’s PV market has potential for robust growth over the next two decades or longer as the expanding economy requires more energy at the same time as coal is phased out. Furthermore, solar projects are seeing increased interest from state-run power groups, which seek to transform themselves away from the dirty fossil fuel.This year, Poland overtook France to become the fourth-largest solar market in Europe, after Germany, the Netherlands, and Spain, according to Bloomberg New Energy Finance. As the coal-reliant nation fell even more behind the bloc’s climate push over the last five years, it’s now making a U-turn in its clean energy effort, promoting photovoltaic, wind and biogas capacity. The share of coal is set to drop to just 11% in 2040 from 70% now, the government predicts.With the “massive change of heart” by banks toward PV financing in Poland that happened over the last two years, the company [Sun Investment Group] expects that as much as 400 megawatts of its projects could be commissioned by the end of 2022. The EU policy toward coal and rising cost of burning fossil fuels will also be a boon for renewables.[Maciej Martewicz]More: Solar energy boom gains momentum in Europe’s coal heartland Developers say Polish solar market is set to expand quickly in coming decadelast_img

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