Poland Falls from Top Ten in Photovoltaic Investments

Poland Falls from Top Ten in Photovoltaic Investments

Poland has slipped from the top ten global markets for photovoltaic (PV) investments, as per the latest industry report. The report highlights that despite significant growth in previous years, Poland's photovoltaic sector has faced several challenges that have impacted its competitive position.

In 2022, Poland experienced a 30% decrease in new PV installations compared to the previous year, amounting to a total capacity of 2.2 GW. This decline is attributed to regulatory changes and a lack of incentives, which have deterred investors. The amendment to the Renewable Energy Sources (RES) Act, which reduced the financial attractiveness of micro-installations, played a crucial role in this downturn.

Key industry figures, such as Bartłomiej Derski from WysokieNapiecie.pl, emphasize the need for a stable regulatory environment to regain investor confidence. The report also mentions that countries like Spain and Germany have capitalized on Poland's faltering momentum, securing higher ranks in the global PV market.

The Polish Photovoltaic Association (PPA) urges the government to implement more favorable policies and support mechanisms. PPA President Ewa Magiera calls for immediate action to align with EU climate targets and revitalize the sector. Without such measures, Poland risks falling further behind in the renewable energy transition.

Despite the current setback, there is optimism within the industry. Analysts believe that Poland has the potential to regain its position with the right policy adjustments and investments in innovative technologies. The next few years will be critical in determining Poland's role in the global photovoltaic landscape.

Source: Gramwzielone.pl