Poland is ranked 10th in Europe in terms of the conditions for wind power energy, according to a report by advisory Ernst & Young, cited by business portal WNP.pl. However, the country fails to make use of 90% of energy that could potentially be generated by wind farms here. According to the report, this loss of power may be estimated at PLN 5.9bn (EUR 1.4bn) annually. Meanwhile, Poland's installed wind farm capacity is below 2,000 MW, according to the data of the Polish Wind Energy Association (PSEW), cited by the portal. This is ten times less than in Spain, whose wind farms - in good weather conditions - could cover for 53% of that country's electrical power needs. |
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more