Poland Solar Energy Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 15.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Poland Solar Energy Market Analysis
The Poland solar energy market is expected to reach 13 GW by the end of the current year, and it is projected to register a CAGR of 15% during the forecast period.
Although the COVID-19 pandemic affected the market studied in 2020, the market studied has been recovering and reached pre-pandemic levels. Over the forecast period, favorable government policies are expected to stimulate the Poland solar energy market's growth. Increasing investments and upcoming solar energy projects are also expected to drive the growth of the market studied. However, the growing adoption of alternative clean energy sectors is expected to hinder the market's growth. The advancing solar technology and private player investment are anticipated to provide ample opportunities to the Poland solar energy market in the future.
Poland Solar Energy Market Trends
This section covers the major market trends shaping the Poland Solar Energy Market according to our research experts:
Residential End-User Segment to Witness Significant Growth
The residential end-user segment is expected to witness considerable growth during the forecast period due to the increased government support and the declining cost of solar PV in the residential sector. The solar energy system in the residential sector is composed of rooftop solar PV systems used in households, in most cases in conjunction with the energy storage system (ESS) systems. The primary investment in residential solar PV systems is the cost of solar modules and related hardware, such as an inverter, metering equipment, and other components.
According to the Central Statistical Office of Poland, in 2020, the country consumed 1,57,086 GWh of electricity; the household sector consumed around 20% of total consumption with 30,037 GWh. The solar energy industry in Poland is developing at every level, from smaller, privately-owned rooftop PV systems and commercial rooftop systems to large free-standing installations. According to the Polish Society for Photovoltaics, the number of registered small-scale systems (below 50 kW) with an average capacity of 6.5 kilowatts (kW) grew from 460,000 (3 GW) in 2020 to 845,00 (6 GW) in 2021. These small-scale systems account for 80% of the total PV power installed in Poland.
In April 2022, the government announced the fourth edition of the My Electricity program. The government focuses on the need to increase the self-consumption of energy produced from solar PV installations, for which the funding will be provided not only for photovoltaic installations but also for energy storage facilities and systems for managing this energy. According to Poland Renewable Energy Association, the maximum co-financing for micro-installations and energy storage can reach over PLN 20,000. These initiatives are expected to boost the residential solar segment's growth during the forecast period.
The price of CO2 emissions permits is rising; it reached an astronomical level of EUR 80 per tonne in 2021, resulting in increased electricity bills for individual consumers. Therefore, solar PV installation in homes solved this problem, allowing investments to be recouped in as little as six years. In 2021, Poland's residential sector consumed over 32% of the nation's electricity. Hence, using solar PV technology is anticipated to help reduce the country's overdependence on coal, reducing greenhouse gas emissions. In March 2022, EDP - Energiasde Portugal SA is expected to expand its footprint in Poland by acquiring Soon Energy Poland Sp.zo.o., which owns more than 25 MWp of installed solar projects. The company plans to sell, build, and maintain decentralized solar installations in residential establishments in Poland.
Therefore, due to the above-mentioned factors, the residential solar energy segment is expected to grow considerably during the forecast period.
Favorable Government Policies and Initiatives to Drive the Market
Poland has become one of Europe's largest solar PV investment markets. According to the Polish grid operator Polskie Sieci Elektroenergetyczne (PSE), in 2021, more than 3.7 GW of new solar PV additions were made in the country. The total installed solar PV capacity was recorded at 7.67 GW in 2021. According to the Institute for Renewable Energy (IEO), the country's solar PV capacity is expected to reach 12 GW by the end of 2022. The growth of the solar energy sector has been fueled primarily by supportive government policies at both the country and European Union levels, which have benefited both prosumers and utility-scale solar power plant owners. The Polish solar energy market is dominated by prosumers that numbered nearly 1 million. It accounted for more than 50% of the total installed solar capacity.
The Polish government introduced several incentive schemes to install and generate solar power for systems of all capacity ranges. The country has a contract for difference (CfD) system based on a difference between the market price and reference price agreed upon in an auction. Auctions are organized by the Polish government, allocating a budget, deciding on technologies allowed to bid and sizes of installations, and determining a budget per basket. To incentivize the adoption of solar energy, in 2021, the Polish government extended the auction system for another six years (2022-2027). It introduced a net-billing system, replacing the older net-metering system for consumers. In August 2021, the government amended the Renewable Energy Act and extended feed-in tariff (FIT) schemes for renewable energy installations. According to the act, renewable energy installations up to 10 kW (micro-installations) will be supported with the FITs of 0.75 PLN/kWh for solar energy micro-installations up to 3 kW and FITs of 0.65 PLN/kWh for micro-installations between 3 and 10 kW. The FITs apply for 15 years, counting from the date of putting the installations into service, no longer than until December 2035 for solar energy installations. On April 15, 2022, the Polish government announced the fourth edition of the My Electricity program. Under the fourth edition of the My Electricity program, the government has focused on the need to increase self-consumption of energy produced from PV installations, for which the funding will be provided not only for photovoltaic installations but also for energy storage facilities, both heat and electricity, and on systems for managing this energy. According to Poland Renewable Energy Association, the maximum co-financing for micro-installations and energy storage can reach over PLN 20,000.
Hence, such government policies and incentives are expected to accelerate the growth of Poland's solar energy market during the forecast period.
Poland Solar Energy Industry Overview
The Poland solar energy market is partially fragmented. Some of the major players in the market (in no particular order) are R. Power Sp.Z O.o., Baywa Ag, Engie SA, Sun Investment Group, and Green Genius Sp.Z O.o.
Poland Solar Energy Market Leaders
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R. Power Sp. Z O.o.
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Baywa Ag, Engie S.A.
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Engie S.A.
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Sun Investment Group
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Green Genius Sp. Z O.o.
*Disclaimer: Major Players sorted in no particular order
Poland Solar Energy Market News
In July 2022, Iberdrola closed a preliminary agreement to acquire 48 MW solar projects in Poland with Augusta Energy sp.z o.o., a joint venture between Greenvoltsubsidiary V-ridiumPower Group and asset manager KGAL. This transaction involves six PV plants with a combined capacity of 48 MW, which is under construction and indexed to consumer prices (CPI) under a 15-year power purchase agreement (PPA) with T-Mobile Polska. The projects are going to be commissioned in 2023.
In May 2022, Ingka Investments expanded its renewable energy acquisitions by purchasing a ready-to-build wind farm located in north-western Poland. The value of the transaction was EUR 190 million, and it is expected to secure long-term access to renewable energy for IKEA's retail operations and its value chain partners in Poland.
In April 2022, Sunly acquired AlsevaGroup, a Polish solar developer and EPC contractor. Eiffel Investment Group provided Sunly with a short-term loan of EUR 11 million under the Eiffel Energy Transition program for the expansion of Sunly's PV portfolio in Poland. As a result of the loan, Sunlycan purchase ready-to-build PV projects and pay the deposits necessary for grid connection and contracts-for-difference awarded through Polish auctions.
Poland Solar Energy Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Solar Energy Installed Capacity and Forecast, in Megawatt (MW), Till 2027
4.3 Government Policies and Regulations
4.4 Recent Trends and Developments
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5. MARKET SEGMENTATION
5.1 By Location of Deployment
5.1.1 Ground Mounted
5.1.2 Rooftop
5.2 By End User
5.2.1 Residential
5.2.2 Commerical and Industrial
5.2.3 Utility
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 R. Power Sp. Z O.o.
6.3.2 Better Energy Holding A/S
6.3.3 Sun Investment Group
6.3.4 Baywa AG
6.3.5 Engie SA
6.3.6 Rwe AG
6.3.7 Alseva Innowacje SA
6.3.8 Corab Sp. Z O.o.
6.3.9 Green Genius Sp. Z O.o.
6.3.10 Pcwo Energy SA
6.3.11 Polenergia Fotowoltaika SA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Poland Solar Energy Industry Segmentation
Solar energy is a type of renewable energy where solar panels are used to generate electricity. Solar panels deployed on rooftops or mounted on the grounds are utilized effectively by energy consumers. In Poland, solar energy is the fastest-growing source of all renewable energy, and it is expected to outperform all rival sectors in the Polish energy industry.
The Polish solar energy market is segmented by location of deployment and end user. By the location of deployment, the market is segmented into ground-mounted and rooftop. By end user, the market is segmented into residential, commercial and industrial, and utility. The market sizing and forecasts for each segment have been considered based on the installed capacity (MW).
| By Location of Deployment | |
| Ground Mounted | |
| Rooftop |
| By End User | |
| Residential | |
| Commerical and Industrial | |
| Utility |
Poland Solar Energy Market Research FAQs
What is the current Poland Solar Energy Market size?
The Poland Solar Energy Market is projected to register a CAGR of greater than 15% during the forecast period (2024-2029)
Who are the key players in Poland Solar Energy Market?
R. Power Sp. Z O.o., Baywa Ag, Engie S.A., Engie S.A., Sun Investment Group and Green Genius Sp. Z O.o. are the major companies operating in the Poland Solar Energy Market.
What years does this Poland Solar Energy Market cover?
The report covers the Poland Solar Energy Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Poland Solar Energy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What opportunities exist in the Poland Solar Energy Market?
The opportunities that exist in the Poland Solar Energy Market are a) Expanding rooftop solar installations b) Integrating energy storage solutions c) Developing floating solar farms on lakes and reservoirs d) Providing off-grid solutions to remote areas
Solar Energy in Poland Industry Report
The solar energy market in Poland has experienced robust growth, driven by a combination of government support, technological advancements, and increasing environmental awareness. The Poland solar energy market size has expanded significantly, with photovoltaic systems being the most adopted due to their suitability for both large-scale and small-scale installations. This growth is reflected in the increasing Poland solar energy market share across various segments. Residential, commercial, and industrial sectors are all active participants, with residential rooftop installations showing significant expansion due to favorable government policies and the decreasing cost of solar installations. The market is also exploring innovative solutions like floating solar farms and energy storage systems to overcome challenges such as grid integration and land constraints. The focus on renewable energy, coupled with incentives and declining panel costs, is set to propel the market forward, making solar energy a key component of Poland's strategy to reduce its reliance on fossil fuels and enhance energy security. For detailed statistics on the solar energy market in Poland, including market share, size, and revenue growth rate, access a free report PDF download from Mordor Intelligence™ Industry Reports, which provides a comprehensive market forecast outlook and historical overview.
