55bn euro on power projects in Poland until 2025
As stated in the research company PMR’s report entitled “Power sector construction in Poland 2011 – Development forecasts and planned investments”, investments in new power generating will deliver nearly 30,000 MW of capacity, while their value is estimated to be around PLN 220bn (€55bn) units until 2025. However, not all the planned projects will be implemented as it is a common practice for investors to make preparations for a larger number of projects and execute only those which are the most profitable under the given economic circumstances.
Nuclear power projects represent the bulk of planned projects as they account for over 40% of the capital expenditure planned. One-third of the planned projects are hard-coal-fired units, which however gradually lose market share to gas units, which currently account for about 12% of the value of projects planned. This trend is a direct result of vague solutions in the area of carbon dioxide emissions rights and of the improvement in long-term prospects for gas supplies to Poland.
The last 12 months brought a number of significant events for the Polish power engineering industry, including in particular steady progress in the preparations for the construction of several power generating units (including Opole, Turow, Ostroleka, Stalowa Wola, Jaworzno, Kozienice, Pelplin and Rybnik), continued growth of the renewable energy sector (in particular wind and biomass projects), suspension of major investment projects planned by CEZ (Skawina), RWE (Wola) and Vattenfall and the long-drawn-out changes in the shareholder structure of power groups, which can lead to postponement of some of the planned projects until the shareholder structure is clarified.
According to the report’s authors, within the renewable energy sector, growth prospects for the wind energy sector have been seriously realigned as, earlier, many investors’ interest had been partly based on speculations, but that was curbed. In connection with the 2010 amendment to the Energy Law, Enea Operator and Energa Operator cancelled most applications for terms and conditions for connecting new wind farms. Additionally, reduced subsidies to ‘green’ energy will result in wind farms’ investors losing part of subsidies and ‘green’ certificates. Investors were seen to suspend new wind energy projects already at the end of 2010 in the wake of the legal changes. Moreover, according to PSE Operator, Poland is capable of accepting up to 6,000 MW of energy into its power system in 2020, which is much below the wind energy industry’s expectations.
On the other hand, the use of biomass in combustion and co-combustion (with coal) processes to produce ‘green’ electricity and heat is enjoying growing popularity. Biomass has become a strong component of investment plans adopted by large power groups (such as Tauron, GDF SUEZ and Dalkia Polska) and small local CHP plants alike. Thus, next to wind energy, biomass is steadily coming to the foreground in Poland meeting the EU objectives for renewable energy.
PMR www.pmrcorporate.com is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern European countries as well as other emerging markets. PMR's key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). Being present on the market since 1995, employing highly skilled staff, offering high international standards in projects and publications, providing one of most frequently visited and top-ranked websites, PMR is one of the largest companies of its type in the region.
ul. Dekerta 24, 30-703 Krakow, Poland
tel. /48/ 12 618 90 00, fax /48/ 12 618 90 08
Contact Person: Anna Rojek, firstname.lastname@example.org
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 55bn euro on power projects in Poland until 2025 here
News-ID: 168274 • Views: 2613
More Releases from PMR Ltd
60% of Polish SMEs use IT services
Approx. 60% of small and medium sized enterprises use IT services in Poland. Some 30% of SMEs declare to employ people responsible for IT. The number of portable computers used by SMEs has been growing. On average, there are five such computers per one SME. The proportion of companies which use EU funds to finance ICT development has gone down over the last two years. Use of IT services According to the
Ukrainian IT industry to keep on growing in 2012-2013
In the last two years Ukrainian IT market has been recovering after a sharp decline experienced in 2009. The market will continue to record double digit growth rates in 2012-2013. The macroeconomic and political situation will remain of crucial importance in the country. Current situation and key trends According to the latest report “IT market in Ukraine 2012. Development forecasts for 2012-2017” published by PMR, a market research company, the total
Retail grocery market to provide €117bn in 2014 in the CE region
PMR estimates that in 2011 the grocery market in six Central European (CE) countries was worth nearly €107bn, 2.8% more than the previous year when expressed in local currencies. The increase was generated foremost by the discount stores and supermarket segments, and was driven by the skyrocketing prices of foodstuffs. Schwarz Group, which operates the Lidl and Kaufland chains, is a leading grocery player in the CE region – as
Hungarian construction market to recover in 2013-2014
After a poor 2009-2012 for the Hungarian construction industry, from 2013 a visible market recovery is expected. The growth in 2013-2014 will result from the intense execution of EU co-financed infrastructure investments as well as some revival in building construction, particularly in non-residential buildings. According to the research company PMR’s latest report, entitled “Construction sector in Hungary 2012 – Development forecasts for 2012-2014”, weak macroeconomic environment, falling investment demand and poor
More Releases for Poland
MAUSER Poland Celebrates 5th Anniversary
Bruehl/Germany, June 27, 2017 MAUSER Group, a worldwide leading company in industrial packaging, celebrates the 5th anniversary of its factory in Gliwice, Poland. Ideally located in the industrial heartland of Upper Silesia, and operated by a strong local management team, the plant offers high-quality industrial packaging solutions and services. MAUSER Poland serves customers with a comprehensive product range of Composite Intermediate Bulk Containers (CIBCs) and plastic tight-head drums. In line with
Agrochemicals Market in Poland
ReportsWorldwide has announced the addition of a new report title Poland: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Poland: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Smokeless Tobacco in Poland, 2017
ReportsWorldwide has announced the addition of a new report title Smokeless Tobacco in Poland, 2017 to its growing collection of premium market research reports. "Smokeless Tobacco in Poland, 2017" is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Polish tobacco market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail
A+ ratings on Poland
Jelenia Gora/Poland, 20.09.2011 - In August 2011 two rating agencies i.e. Standard & Poor's and Moody's Investors Service affirmed their A+ rating on Poland with a stable outlook. Both agencies noted that the Polish economy is competitive and increasingly diversified. Moody's evaluated Poland as relatively well placed to withstand global turmoil with its relatively resilient economy. Both agencies stressed that the Polish economy continued to expand in 2009, in contrast
IT market in Poland
IT providers in Poland are starting the post-crisis period in actually quite good moods and are already beginning to predict what solutions will be most sought after by their customers during prosperity. However last year hardware distributors recorded significant reduction in the number of orders placed, especially by business customers, software and IT services providers performed far better. A majority of them had similar sales as in previous periods, while some
VoIP in Poland
At the end of 2008 the Polish VoIP telephony market was worth PLN 440m, with CaTV operators having generated the largest share of revenue in the segment. In recent years also fixed-line operators have included VoIP services into their offer. According to research and consulting company PMR Polish VoIP market continues to represent a small share of the fixed-line telecommunications market. In 2008 it accounted for approximately five percent of the