Spotlight in the Central and Eastern European Wind Energy Sector Stops Over Poland, Says Frost & Sullivan
By Frost Sullivan, PRNEMonday, July 5, 2010
LONDON, July 6, 2010 - As demand for accessible wind energy sweeps across Europe, the spotlight
in Central and Eastern Europe (CEE) has stopped over Poland.
(Logo: photos.prnewswire.com/prnh/20081117/FSLOGO) (Logo: www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
Analysis by Frost & Sullivan (www.energy.frost.com), Investment
Opportunities in the Wind Energy Sector in Europe, shows that Poland is and
will continue to be the largest wind energy market in Central and Eastern
Europe. Although there are many challenges to surmount within the market, the
country has seen the most expansion in the region, due to great wind
potential and government support.
Poland follows the quota system with tradable green certificates, but
despite the volatility of this system, the Polish market has grown. It
increased slowly from 2002-2005, and then picked up speed, doubling every
year from 2005-2008.
General participant awareness of Polish potential has induced interest
from investors and manufacturers. Banks and private equity investors are
becoming more attentive to available possibilities, despite slowed down
activity produced by the financial crisis. Likewise, all major European wind
turbine manufacturers are active in Poland, as well as component
manufacturers from western and northern Europe. In March 2009, LM Glasfiber
set up a manufacturing facility in Poland for producing blades for turbines
with a total capacity of 750 MW.
Poland must overcome high stakes if it is to attain its 2020 renewable
energy targets. The country will need to install 863 MW - 1,002 MW yearly
until 2020 to achieve the desired 10,500-12,500 MW. Also, the electricity
generation will need to increase to 1TWh to 25.4-30.1TWh.
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Communications, at chiara.carella@frost.com, with your full name, company
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state and country.
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research in the following markets: large hydropower, biomass energy and
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Contact: Chiara Carella Corporate Communications - Europe P: +44-(0)-20-7343 8314 M: +44-(0)-753-3017689 E: chiara.carella@frost.com
Chiara Carella, Corporate Communications - Europe, P: +44 (0) 20 7343 8314, M: +44-(0)-753-3017689, chiara.carella at frost.com
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