Enefit Green enters Polish solar market
Published by Sarah Smith,
Assistant Editor
Energy Global,
An expansion of Estonian energy company Enefit Green into Poland, with support from the EBRD, is helping drive forward the development of solar energy in a market still dominated by carbon fuel.
A PLN 40 million loan from the EBRD to Enefit will provide long-term financing for portfolio of up to 19.2 MW of newly completed small solar projects in Poland.
The EBRD loan will help to expand the Polish solar energy sector, which currently lags behind the country' wind sector but is expected to become a key contributor in the decarbonisation of the country's energy industry.
The solar power plants are expected to reduce air pollution by cutting annual CO2 emissions by approximately 15 000 t.
The installed renewable capacity in Poland has increased significantly over the past decade, but the country remains dependent on coal for almost 80% of its electricity generation. All EU member countries are committed to source at least 32% of their final energy consumption from renewable sources by 2030.
Enefit Green is wholly owned by Eesti Energia, which started its operations in the renewables sector in 2002 and established Enefit Green in 2016 as its dedicated renewables subsidiary. Enefit Green has been growing rapidly and is now has 447 MW of installed electrical capacity and 83 MW of thermal capacity.
The EBRD has been investing in Poland and Estonia since 1991 and has invested almost €10.1 billion in over 425 investments and €710 million in over 89 investments in Poland and Estonia, respectively.
Read the article online at: https://www.energyglobal.com/solar/14042020/enefit-green-enters-polish-solar-market/
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