The Warsaw Voice » Business » Monthly - June 11, 2008
Business
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The Answer is Blowin' in the Wind
   
35 billion zlotys (around $16 billion) is how much Poland will spend to make its economy more innovative in 2007-2013.

International auditor Ernst & Young has ranked Poland the world's 17th most attractive country for investors interested in renewable energy, two places up from last year. The United States, Germany and India occupy the top three positions. Poland is as attractive to renewable energy investors as Belgium and Norway when it comes to infrastructure, regulations and financial incentives. Eleven European countries offer better conditions for investing in renewable energy than does Poland, according to Ernst & Young.

The auditor also tracks planned investment in wind, solar and biomass electricity generation. Poland ranks equal 16th with Denmark when it comes to wind farms. Offshore wind farms are assuming increasing importance, according to Ernst & Young, but few countries have so far been building them.

There are now 160 wind farms in Poland with a total generating capacity of around 300 MW. Some 35,000 MWh of wind power was sold in Poland last year. The greatest barrier facing wind power generation in Poland are the formalities involved in having a wind farm connected to the Polish power grid.

Around 7.5 percent of all energy consumed in Poland is to come from renewable sources by 2010 and the European Commission has set a target of 15 percent for 2020 for Poland.

The country has the capacity to generate 1,500 MW from renewable sources, according to the Energy Regulatory Office, and licenses have been granted to generate another 1,100 MW.