Wind Energy in Poland - economic analysis of wind farm

Abstract

Wind power generation is the most dynamically developing branch of renewable energy sector in Poland. The high price of coal and its negative environmental impact result in ever growing support for the renewable energy in the energy sector. Wind power industry produces clean energy, but costs of investments are very high. Process of creating a wind farm is very long and complicated. It requires the knowledge of many disciplines such as law, economics, energetic. The aim of this paper was study the state and the development of the wind power sector, especially wind farm in Poland. The economic analysis on investment in wind farm in Poland according to a new act on renewable energy sources was presented. The subject of this analysis was to estimate profitability of wind farm project 40 MW capacity. The analysis includes the comparison of various support systems - the system of green certificates and the new - auction model on the profitability of investment in wind farm. This aims to show how important is appropriate government support for producers of green energy words.