Poland's photovoltaic installed capacity continues to grow

    Recently, a new report by the Polish Energy and Climate Research Institute (IEO) shows that by 2030, Poland's photovoltaic solar panel kit system for home price power generation can reach 7.8 GW, reaching its goals set in the "National Energy and Climate Plan."

    According to reports, Poland's installed photovoltaic capacity has continued to rise in recent years. Last year, it experienced the first large-scale market growth, and this year it will grow on a GW scale. Coal has been an important energy source that Poland has depended on for decades, but in the face of increasing pressure to reduce emissions, Poland has begun to encourage investments in solar power and offshore wind power.

    According to data from SolarPowerEurope, the European photovoltaic industry association, the new installed capacity of photovoltaics in Poland ranked fifth in Europe with 784 megawatts in 2019, which is only 300 megawatts away from the fourth installed capacity in France. As of the end of 2018, the cumulative installed photovoltaic capacity in Poland was only 486 MW. Bloomberg New Energy Finance even predicted at the beginning of the year that this year, Poland will be among the top ten photovoltaic markets in the world by 2020.
 

    According to the IEO report, it is expected that by the end of this year, the cumulative installed capacity of photovoltaics in Poland will increase from 1.5 GW at the end of 2019 to around 2.5 GW. Afterwards, according to the Polish government’s extension of the project execution period to May 2021, investments will be shifted to larger projects during 2021-2022 to help photovoltaic developers cope with the new coronary pneumonia epidemic crisis.

    It is reported that in early June, the European Investment Bank (EIB) approved a loan of about 18 million euros to Polish solar energy developers for the construction and operation of 66 small-scale photovoltaic power plants in Poland. The average installed capacity of each power plant does not exceed 1 MW, the total installed capacity is about 65.6 MW.