In a new integrated approach to Polish Renewables, which secured the Bank approval, combines investments with policy dialogue to promote reforms and technical assistance funding.
Poland is expected to undergo major challenge of switching from a reliance on carbon-intensive fuels to a more diverse, clean and sustainable energy mix in the coming decade.
By the end of 2013, the country has reached a renewable energy capacity of 5.5GW.
The country requires an estimated additional €10bn investment in renewable energy to double its capacity and to achieve national and European Union (EU) targets for share of renewables in Polish energy consumption by 2030.
The EBRD’s Integrated Approach to Polish Renewables aims to promote the private sector investment in the Polish renewable energy sector, while focusing in wind power generation as well as to conduct policy dialogue to support establishment of a stable and sustainable regulatory regime for renewable energy.
Additionally, the approach intends to support electricity distribution network operators in developing both the physical and operational capacity to connect new renewable energy generators.
The new reform is expected to translate into financing of additional 500MW of renewable energy capacity and approximately 1 million tons of C02 savings until the end of 2018 in Poland.
