Poland has registered phenomenal growth in solar photovoltaics (PV) installations in 2019 and is expected to install 3.15 gigawatt (GW) of capacity by 2022, according to GlobalData, a leading data and analytics company.
Tarun Bhutani, Project Manager at GlobalData, commented:
“Poland recently entered the GW club of solar PV capacity in September and is all set to reach an installed capacity of 1.2GW-1.3GW by the end of this year. Introduction of VAT reduction for micro-PV systems from 23% to 8% in September this year, supported by earlier announced Mój Prąd (My Electricity) rebate scheme for residential PV will help to sustain the growth of solar PV installations, which was created by net metering access and Contract for Difference (CfD) support scheme.
Another step in the right direction towards increasing the penetration of solar PV is the extension of net metering access to business and energy communities. This was previously restricted to residential, public sector and housing community users. Furthermore, the upcoming energy auction, which is anticipated by end of 2019, is expected to add 750 megawatt (MW) of new PV capacity to the system.”
The Mój Prąd (My Electricity) rebate scheme, with a total budget of PLN1bn (approximately USD$250m), grants rebates for a maximum of PLN5,000 (USD$1,280) per project and is only applicable for residential PV projects ranging from 2 kilowatt (kW) to 10kW in capacity.
“Players have already announced major plans for investment in the country. In an agreement with China Sinogy Electric Engineering, Energia Przykona, a unit of NeoInvestments, plans to build a 600MW solar power plant in Przykona, west-central Poland. The project also involves China Sinogy’s European partner Strategic Swiss Partners. Poland’s state-owned utility Polska Grupa Energetyczna (PGE) also signed a letter of intent with silver and copper producer KGHM Polska Miedź (KGHM) to develop 500MW of solar generation capacity to cater to the energy needs of KGHM.
The favourable regulatory regime and tax system, well-supported with incentive mechanism is set to make Poland – one of Europe’s hottest PV markets.”
Source: Press Release by GlobalData.