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Renewable Energy Market

The European Union has committed the majority of its Member States to increase the share of renewable source in total energy consumption to 20 percent by 2020. Poland has taken a decision on increasing renewable energy in total energy consumption to 15 percent by 2020. This means the necessity of carrying out enormous investments in the sector. In 2007 estimated investment expenditure in the sector in the European Union is to amount to EUR 65bn, which means a 27 percent increase on the previous year figure.

Wind energy is the fastest growing source of renewable energy in Europe. In the last 5 years 30 percent of newly installed energy production capacities in the European Union have been provided by wind farms.

Policy and regulatory environment

EU is the world leader in renewable energy sources (RES).

Successful implementation of renewable energy sources.
€20 billion of turnover & 300,000 jobs created (source: European Commission March 2007).

Need to comply with EU targets.

20% of EU final energy consumption via renewable sources by 2020.
Mandatory targets for each member state to be achieved by 2020 published on 23 January 2008: Poland 15% (vs. 5% in 2006 and 7,5% in 2010), Czech Republic 13% (vs. 4% in 2006), Bulgaria 16%, Romania 24%.
Economic and political strategies to maintain energy self-suffieciency and preserve independence.

Energy consumption expected to rise significantly - 100% increase by 2017 for Poland.
Major investments planned in the near future, for Poland an estimated amount of €18.4bn over the next 10 years (expansion and modernization of energy production facilities and infrastructures.
(Source: Polish Magazine Elektrosystemy, August 2007)

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