Why invest in Polish solar farms?
The Polish solar market has grown tremendously in recent years, making it an attractive destination for foreign investors. In this paper, we will explore why investing in the Polish solar market is a wise decision.
Government support and incentives:
One of the key reasons why investing in the Polish solar market is a good idea is the government’s support and incentives for renewable energy. The Polish government has set a target of generating 21% of its energy from renewable sources by 2030, specifically focusing on solar power. To achieve this goal, the government has implemented several policies and incentives to encourage investment in the solar market.
For example, in 2016, the government introduced a net metering scheme. It allows households and businesses with solar panels to sell excess electricity back to the grid. The government also offers a feed-in tariff program that guarantees a fixed price for solar-generated electricity for 15 years.
Furthermore, Poland can receive funding from the European Union’s Green Deal initiative. The initiative aims to make Europe a carbon-neutral continent by 2050. This funding will be used to support the country’s transition to renewable energy, including solar.
Growing demand for renewable energy – Why invest in Polish solar farms?
The demand for renewable energy is increasing globally, and Poland is no exception. We see the rising awareness of climate change and the need to reduce greenhouse gas emissions. So more businesses and households seek cheap, renewable energy sources to power their daily operations.
In Poland, the demand for solar energy has grown rapidly. With a 76% increase in installed capacity between 2018 and 2019. The demand is expected to continue to grow. Driven by the government’s target to generate more energy from renewable sources and the increasing availability of solar technology.
Favorable market conditions:
Poland offers favorable market conditions for investors in the solar market. The country has a large land area, which is ideal for the installation of solar panels. In addition, solar irradiation in Poland is also favorable, with an average of 1,000 kWh/m2 per year.
Additionally, the cost of solar technology has decreased significantly in recent years, making it more accessible for businesses and households. This has led to an increase in the number of solar installations in the country. It further started providing opportunities for investors in the solar market.
Access to skilled labor:
Poland has a highly skilled workforce, with many engineers and technicians trained in the renewable energy sector. The country has a strong tradition of engineering, and its universities offer specialized courses in renewable energy.
This means that investors in the solar market can access a skilled and experienced workforce. As we know it is essential for installing, operating, and maintaining solar systems. The availability of skilled labor also makes it easier for investors to comply with local regulations and ensure the safety and efficiency of their solar installations.
Conclusion – Why invest in Polish solar farms?
Investing in the Polish solar market is a smart choice for investors looking to capitalize on the growing demand for renewable energy. The government’s support and incentives, the increasing demand for solar energy, favorable market conditions, and access to skilled labor make Poland an attractive destination for investment in the solar market.
Read about solar asset management in Poland.