- Press Releases
June 7 (Renewables Now) - Poland is set to keep the fast pace of solar capacity deployment in the next years and reach 20 GW of cumulative installed capacity in 2025 and up to 28.5 GW in 2030, the Institute for Renewable Energy IEO forecasts.
According to IEO’s latest report on the Polish market, released last week, the country is expected to end 2022 with an installed photovoltaic (PV) capacity of 12 GW and PLN 19 billion (USD 4.45bn/EUR 4.16bn) worth of investments in the sector. Poland is also seen to be on track to become the second-largest EU market in terms of growth of installed solar PV capacity by the end of the decade.
At the end of 2021, Poland had 7.6 GW of solar parks in operation after more than 3.7 GW of new capacity was commissioned throughout the year, IEO’s data shows. The market growth of over 105% was driven by individual prosumers benefiting from a continued government incentive programme and the national auction scheme. The market value of capital expenditures in the solar sector totalled PLN 15.4 billion.
In line with the booming capacity, Poland will need to invest in the expansion of its power grid infrastructure to keep up the pace, IEO alarmed, adding that the wider deployment of solar PV is now limited by the availability of connection capacities. Speaking about the challenges, IEO's president Grzegorz Wisniewski pointed out that the “further success would depend on the effectiveness of removing infrastructure and location constraints.”
(PLN 1.0 = USD 0.234/EUR 0.219)