Poland Renewable EnergyCompanies (2024 - 2029)

Poland Renewable Energy Market Companies Summary

The renewable energy market in Poland has seen notable changes due to the COVID-19 pandemic. The lockdown and restrictions imposed by the country have led to disturbances in the supply chain, impacting the businesses involved in renewable energy. These companies, both domestic and international, rely heavily on imported raw materials such as silicon, aluminum, steel, and glass fibers for manufacturing solar panels, wind turbines, and CHP plants. With the pandemic restrictions, the supply of these raw materials from major suppliers like China, the US, and European countries like Germany and Belgium has seen a significant drop, negatively affecting the manufacturers in the renewable energy sector. Despite these challenges, the sector continues to grow, driven by government policies emphasizing the shift from coal to renewable fuels. Solar energy deployment, in particular, is expected to be the fastest-growing segment in the Polish renewable energy market. The country has extended plans to increase its renewable energy share in the energy mix up to 2030. The development in the offshore wind sector and efforts to meet the 2030 target are expected to create opportunities for companies in the market. Favorable government policies for renewable energy deployment are also expected to drive the market during the forecast period.