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The Warsaw Voice » Business » April 2, 2008
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Hopes and Hurdles
April 2, 2008   
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Bogusław Bil, Vice President of UPC Poland Energy:

UPC Poland Energy Sp. z o.o. is a subsidiary of the international corporation UPC Renewables, which operates in Europe, North Africa and Asia. We are convinced that renewable energy will be one of the fastest developing sectors of industry in the 21st century because of factors such as rising prices of traditional fuels, climate change, population growth, the lack of geopolitical stability and increasing energy demand.

UPC Poland Energy is meeting the demand for renewable energy in line with a European Union directive that states that 15 percent of Poland's energy by 2020 must come from renewable sources. Our company is involved in wind energy projects and our main goal is to build wind farms in Poland. Unfortunately, despite there being more and more demand for renewable energy, we are still facing some major problems.

These include problems with grid connection, often blocked by potential investors, and poor energy-transmission infrastructure, which would be costly to improve. Moreover, the whole preparation and implementation process for wind farms is rather complicated and not always clear. In addition to the above, the time it takes to get documentation approved is significant, as is the time spent waiting for essential reports and analyses by experts.

These are but a few of the difficulties faced by every investor trying to build a wind farm. However, the latest information from government institutions gives us hope. The current need for energy from renewable sources and the necessity to lower greenhouse gas emissions should result in laws that will become more transparent and favorable to investors.
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