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The Warsaw Voice » Business » May 28, 2008
ENERGY
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Wind Energy in Poland: Investment Opportunity
May 28, 2008   
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Jaime Fuster, managing partner at Garrigues Polska law firm, comments on the legal aspects of investing in the development of wind power generation in Poland:

Wind energy in Poland is one of the most promising sectors to invest at this moment in Europe. The Polish government's commitment is to produce 7.5 percent of the total energy supply in 2010 from wind resources, which means doubling the current capacity.

The renewable energy sources remuneration system is based on a fundamental premise: the setting in place of mechanisms to offset the environmental and social costs of traditional energy sources.

The development of the Polish renewable energy market took off in 2006, in the wake of amendments made to the December 1997 Energy Law. Following the legislative overhaul, Poland opted for a system of quotas or green certificates from the various renewable energy support systems on offer, rather than the Renewable Energy Feed-In Tariff (REFIT) system.

While it is no easy task to choose one support system over another, it is clear that the quota system imposes greater regulatory complexity and that the key to a successful system lies in the certainty and predictability of the remuneration incentives throughout the investment life cycle. A stable legal framework will ensure a healthy future for renewable energy sources in Poland.
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