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System for Financing Investments in Renewable Energy Sources in Poland

In: Finance and Sustainability

Author

Listed:
  • Alicja Małgorzata Graczyk

    (Wroclaw University of Economics and Business)

  • Andrzej Graczyk

    (Wroclaw University of Economics and Business)

  • Tomasz Żołyniak

    (Wroclaw University of Economics and Business)

Abstract

The research problem is to determine the system composition for financing investments in renewable energy sources in Poland. The aim of the article is to identify, analyse and assess the elements that are absolutely essential for green energy transformation in Poland: the support of investments from public funds (the first part of the article), the mechanism for investing in commercial projects (the second part) and the financing of small projects provided by households (the third part). The research method in the first part is based on strategic documentation analysis, in the second part on individual interviews conducted with selected financial institutions, such as the European Investment Bank, and in the third part on Polish households surveys conducted by research companies and universities. The conclusions indicate the relatively low scale of public support for investments in renewable energy sources and the lack of clear preferences for technologies with unstable electricity generation characteristics and regulatory uncertainty. The terms and the financing model are not conducive to small projects and projects intended for household purposes. Opportunities for investment in the development of dispersed and smaller scale sources should be found in reducing technology costs and improving the competitiveness of energy prices on the market. Improving Polish and the EU financing system needs to maintain public support, better identify the financial needs and financial limitations, and increase the scope of financial advisory and guarantees for entities. Those undertakings will activate a significant number of small investors and local renewable energy generation.

Suggested Citation

  • Alicja Małgorzata Graczyk & Andrzej Graczyk & Tomasz Żołyniak, 2020. "System for Financing Investments in Renewable Energy Sources in Poland," Springer Proceedings in Business and Economics, in: Karolina Daszyńska-Żygadło & Agnieszka Bem & Bożena Ryszawska & Erika Jáki & Taťána Hajdíková (ed.), Finance and Sustainability, pages 153-166, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-34401-6_13
    DOI: 10.1007/978-3-030-34401-6_13
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    Cited by:

    1. Tomasz Jałowiec & Henryk Wojtaszek & Ireneusz Miciuła, 2022. "Analysis of the Potential Management of the Low-Carbon Energy Transformation by 2050," Energies, MDPI, vol. 15(7), pages 1-29, March.
    2. Bogdan Klepacki & Barbara Kusto & Piotr Bórawski & Aneta Bełdycka-Bórawska & Konrad Michalski & Aleksandra Perkowska & Tomasz Rokicki, 2021. "Investments in Renewable Energy Sources in Basic Units of Local Government in Rural Areas," Energies, MDPI, vol. 14(11), pages 1-17, May.
    3. Rafał Trzaska & Adam Sulich & Michał Organa & Jerzy Niemczyk & Bartosz Jasiński, 2021. "Digitalization Business Strategies in Energy Sector: Solving Problems with Uncertainty under Industry 4.0 Conditions," Energies, MDPI, vol. 14(23), pages 1-21, November.
    4. Ryszard Kata & Kazimierz Cyran & Sławomir Dybka & Małgorzata Lechwar & Rafał Pitera, 2022. "The Role of Local Government in Implementing Renewable Energy Sources in Households (Podkarpacie Case Study)," Energies, MDPI, vol. 15(9), pages 1-22, April.

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