The Polish government approved a bill this week on long-term subsidies for renewable energy projects that aims to help meet European Union climate goals and lower electricity costs for consumers.
If approved by parliament and the countrys president, the law would allow developers and owners of new renewable installations to sell their energy at auctions for a fixed price that would be guaranteed for 15 years regardless of market prices, according to Reuters report.
Renewable power producers that are already in operation would also be able to keep their current subsidies or choose to join the auctions.
The Polish government has been hammering out the new renewables law for nearly two years.
Poland generates some 90 percent of its electricity from coal and has to increase renewable energy to at least 15 percent of the total by 2020 to meet EU rules on carbon emissions, according to Reuters.
Renewable power developers have complained that the countrys murky legal environment has prevented many to make new investments, thus preventing major development in green energy projects.
The countrys previous subsidy program did not provide long-term guarantees. Governments across Europe have been cutting subsidies and the European Commission this week announced new guidelines, which will go into effect in July, calling for market-based initiatives to replace renewable energy subsidies.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.