In 2019, renewable energy investments worth over EUR 3.3 billion were launched in Poland. Further development of PV projects and removing barriers to investments in wind farms will enable a deep restructuring of the Polish energy system by 2035 without the need to increase the stream of money allocated to renewable energy compared to last year. Financing is therefore not a barrier to the rapid transformation of the Polish energy sector – this is one of the main conclusions contained in the new report “Alternating current. Landscape of climate finance in the Polish energy sector”.
The report is the first study in Poland enabling identification of financing sources, determining the involvement of individual groups of investors and presenting the scale of expenditure on renewable energy sources. It also provides information necessary to determine the future financing needs of the zero-emission transformation of the Polish energy sector. Even in the most ambitious transformation scenario, the required increase in financial flows for zero-carbon energy production does not differ from Poland’s experience from previous years. Moreover, the estimated amount of European and national public funds needed for the direct investment support in the energy sector (EUR 0.6 bn per year) represents less than 10% of the total amount of funds that Poland will have at its disposal for the low-emission transition in the 2020s (a total of over EUR 6.7 bn per year) from the EU funds and the sale of emission allowances. This means that the available public funding will not only be enough to transform the Polish energy sector, but also to provide much-needed support to the decarbonisation of other parts of the economy, such as buildings, transport or industry.
The full report in Polish is available on WiseEuropa website. Report in Polish >>
The full English version of Landscape will be published in the coming weeks. The executive summary with headline figures can be found below.