Polish ‘eco-loan’ to boost budding domestic PV scene

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The scheme unveiled by deputy minister Tobiszowski will cover purchases and assembly of solar panels (Credit: Polish government)

The roll-out of small-scale PV in Poland is poised for a funding boost under a scheme unveiled by the Energy ministry this week. 

The self-styled ‘eco-loans’ presented on Monday by deputy minister Grzegorz Tobiszowski will offer up to PLN50,000 (over US$13,000) to support domestic PV installations.

The loans, featuring a 4.99% interest rate and a 0.99% commission, will cover both purchases and assembly of solar panels; they must be repaid within 10 years.

“In 2016, we introduced solutions to facilitate the development of photovoltaic micro-solar installations, thanks to which this market started to develop dynamically in Poland…Additional regulations will contribute to further acceleration,” said Tobiszowki at a press conference in Warsaw.

Figures released by the ministry underscore the growth in the small-scale segment in recent years. 

Some 54,200 installations (343MW) were operative in Poland at the end of 2018, a respective 88% and 235% jump on the numbers recorded one and two years before that point. By the end of Q1 2019, the installation count had grown to over 65,000 projects and a 415MW capacity.

Across all segments, Poland was as of December 2018 home to 487MW of grid-connected PV, according to IRENA. This year, the country is set to tender a further 750MW of PV as part of plans to boost installed capacity between 2020 (900MW), 2030 (10.2GW) and 2040 (20.2GW).

See here for more information on Poland's new eco-loan scheme

Read Next

October 22, 2021
The US Department of Energy (DOE) is to fund projects aiming to extend the operational lifetime of solar PV projects to 50 years and support the development of advanced materials such as perovskites.
PV Tech Premium
October 22, 2021
Average winning solar bids in Spain’s renewables auction this week came in above those for wind as interest among PV bidders faltered against a backdrop of rising equipment costs and regulatory uncertainty.
October 19, 2021
Lightsource bp has announced its entry into Poland’s solar market through a co-development deal which will see the developer proceed with a 757MWp pipeline in the country.
October 19, 2021
Europe's energy crisis can be a boon for renewables deployment on the continent by bolstering business cases, but familiar foes such as grid constraints will still need to be hurdled in the coming years.
October 15, 2021
European renewables investment management firm Greencoat Capital has confirmed its entry to the US renewables market and is plotting to invest up to US$5 billion over the next five years.
October 12, 2021
Perovskite-based PV manufacturer Saule Technologies said its cells have achieved a 25.5% efficiency for internet of things (IoT) applications.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021