Featured in A redrawn energy landscape – 05-2022

Polish PV feels impact of war in Ukraine

It appeared that 2022 would be another impressive year for PV investment in Poland. However, Russian aggression in Ukraine has been a game-changer. Unprecedented price increases, uncertainty in financial markets regarding investment in a “frontline” country, and more serious material and labor availability issues than during the pandemic have conspired to darken the mood. Piotr Mrowiec of Rödl & Partner examines the tools available to investors and contractors developing PV projects in Poland, to ensure that they do not suffer losses on their investments.
Image: Lightsource BP

Even before the war, both investors and contractors in the PV space pointed to the drastic increase in prices of individual components: transformer stations, cables of various cross-sections, support structures, and finally modules and inverters. The war in Ukraine put even stronger pressure on prices, and a ban on imports of iron and steel products …

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