This market report offers an incisive and reliable overview of the wind sector of the country for the period 2013 ÷ 2018. In view of recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria and Italy, Poland represents a stable investment environment in Central-East Europe with clear rules and green certificates support scheme. Current cumulative installed wind capacity in the country is growing fast and Poland is one of the best performers amongst CEE countries for 2011 and 2012. Polish market has good chances to reach more than 3,000 MW in the next 2 years. The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 60 pages of valuable information in this unique in-depth analysis of the Polish wind market. With comprehensive market data this report brings clear and concise insights, to help investors in their decision making process. As 2011 and 2012 were challenging years for wind industry, the time for taking right decisions during 2013 and the next few years is limited. Fast changing market environment, requires relevant and accurate information. For your convenience we offer opportunity for orders with customized report content. You may download wind market report presentation and order form from here: http://www.ineaconsulting.eu/en/downloads/analysis/wind/86-poland

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Through its analytical arm Inea Research, the
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3. POLAND PHOTOVOLTAIC MARKET: OUTLOOK 2013 ÷ 2018
This market report offers an incisive and reliable overview of the photovoltaic sector of the
country for the next 5 years period 2013 ÷ 2018. Poland is very interesting market due to its
political and economic stability, high prices for electricity and heavy dependence on coal
and lignite in power generation, which should be changed to comply with EU renewable
policy. In view of recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech
Republic, Slovakia, Bulgaria and Italy, Poland represents a stable investment environment
in Central-East Europe with clear rules and fair FIT rates. Current cumulative installed PV
capacity in the country is insignificant, but a number of fully permitted and ready to build
project will promptly increase in 2013. Polish market has good chances to reach more than
300 MWp in the next 2 years. The report provides a complete picture of the market
situation, dynamics, current issues and future prospects. You will find more than 60 pages
of valuable information in this unique in-depth analysis of the Polish photovoltaic market.
With comprehensive market data this report brings clear and concise insights, to help
investors in their decision making process. As 2012 was challenging year for photovoltaic
industry, the time for taking right decisions during 2013 and the next years is limited. Fast
changing market environment with falling module prices, requires relevant and accurate
information. For your convenience we offer opportunity for orders with customized report
content. Reasons to buy this market report include:
 Brief overview of the Polish political and economic environment
 Solar resource potential in Poland
 Overview of Polish photovoltaic market development 2000 ÷ 2018
 Grid connected photovoltaic installations for 2012/2013
 Future market trends and planned photovoltaic projects for 2013 ÷ 2018
 Current market prices of fully permitted and operational photovoltaic projects
 Polish legal and energy regulatory framework for renewable projects
 Key companies and competitive landscape in photovoltaic sector
 Review of most relevant financing and supporting incentives
 SWOT Analysis
At next pages you will see the full table of content of this report. To order the report just fill
in and send us the enclosed at the last page order form. If you have any other questions
please do not hesitate to call us on ++359 887 342 475 or write an e-mail to
orders@ineaconsulting.eu
INEA CONSULTING LTD. |TABLE OF CONTENTS 3

4. POLAND PHOTOVOLTAIC MARKET: OUTLOOK 2013 ÷ 2018
TABLE OF CONTENTS
TABLE OF CONTENTS ......................................................................................................... 3
FOREWORD ...................................................................................................................... 7
1 Methodology and limitations .................................................................................. 9
1.1 Methodology ............................................................................................................... 9
1.2 Limitations ................................................................................................................. 10
2 EXECUTIVE SUMMARY ........................................................................................... 11
3 POLISH POLITICAL AND ECONOMIC ENVIRONMENT ............................................... 14
3.1 Basic country data ..................................................................................................... 14
3.2 Government structure, political climate and ruling party......................................... 17
3.3 GDP and Economic Growth ....................................................................................... 19
3.4 Electricity Imports And Exports. Electricity Prices For Business And Huoseholds .... 22
3.5 Taxes .......................................................................................................................... 24
3.5.1 VAT ......................................................................................................................... 24
3.5.2 Income and Corporate Taxes ................................................................................. 24
4 POLAND PHOTOVOLTAIC ENERGY MARKET ............................................................ 25
4.1 General electricity market information ..................................................................... 25
4.1.1 Electricity consumption and production ............................................................... 26
4.1.2 RES targets ............................................................................................................. 27
4.2 Why invest in photovoltaic energy in Poland? .......................................................... 29
4.3 Polish solar resource potential .................................................................................. 30
4.4 Overview of Poland photovoltaic market.................................................................. 32
4.5 Market prices for photovoltaic projects in Poland .................................................... 35
4.6 Key development photovoltaic projects in Poland ................................................... 35
5 EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE ............................................ 38
5.1 RES REGULATIONS AND EU DIRECTIVES .................................................................... 38
5.1.1 Precedent EU regulations ...................................................................................... 38
5.1.2 Most recent EU renewable energy policy developments...................................... 39
6 POLAND RES LEGAL AND REGULATORY FRAMEWORK ............................................ 40
6.1 Main laws and regulations......................................................................................... 40
6.2 Applicability of the promotion system ...................................................................... 41
6.3 Trading green certificates .......................................................................................... 41
6.4 Fulfilling annual mandatory quota of green certificates ........................................... 42
6.5 Zoning, planning and construction related authorizations ....................................... 43
6.6 Environmental related authorizations....................................................................... 43
6.6.1 Natura 2000 Network ............................................................................................ 43
6.6.2 Clean Development Mechanism (CDM) and Joint Implementation (JI) ................ 44
6.7 Energy law authorizations ......................................................................................... 45
6.7.1 Power Generation Licensing .................................................................................. 45
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5. POLAND PHOTOVOLTAIC MARKET: OUTLOOK 2013 ÷ 2018
6.7.2 Grid Interconnection .............................................................................................. 45
6.7.3 Power Off-Take .......................................................................................................46
6.7.4 Green certificates (certificates of origin) and purchase price of electricity ...........47
6.8 Key Co-Financing Opportunities .................................................................................50
6.8.1 Poland Sustainable Energy Financing Facility (PolSEFF) .........................................50
6.8.2 National Fund for Environmental Protection and Water Management
(NFEP&WM) ....................................................................................................................... 54
7 KEY ORGANIZATIONS AND INSTITUTIONS ..............................................................56
7.1 Government ...............................................................................................................56
7.1.1 The Ministry of Economy (MoE) .............................................................................56
7.1.2 Poland’s Energy Regulatory Office (ERO) ............................................................... 56
7.1.3 Ministry of Environment (MoENV) .........................................................................57
7.1.4 Ministry of Finance (MoF) ......................................................................................57
7.1.5 Polish Power Exchange (POLPX) .............................................................................57
7.1.6 Polish Transmission System Operator (TSO) .......................................................... 57
7.1.7 Polish National Conservation Agency (KAPE) ......................................................... 59
7.2 ELECTRICITY GENERATION AND ELECTRICITY DISTRIBUTION COMPANIES ...............60
7.2.1 PGE - Polska Grupa Energetyczna S.A. ....................................................................61
7.2.2 Tauron Polska Energia S.A. .....................................................................................64
7.2.3 ENEA S.A. ................................................................................................................65
7.2.4 RWE......................................................................................................................... 67
7.2.5 ENERGA S.A. ............................................................................................................67
7.3 Key photovoltaic companies operating on POLISH market .......................................68
8 SWOT ANALYSIS ....................................................................................................70
9 CONCLUSIONS .......................................................................................................73
10 LIST OF ABBREVIATIONS ........................................................................................75
11 REFERENCES ..........................................................................................................77
12 DISCLAIMER ...........................................................................................................79
APPENDIX I. SOLAR MAPS OF EUROPE AND POLAND ........................................................80
LIST OF MAPS, CHARTS AND TABLES
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6. POLAND PHOTOVOLTAIC MARKET: OUTLOOK 2013 ÷ 2018
Map 1: Where is Poland on the European map ....................................................................... 14
MAP 2: Polish Road Map .......................................................................................................... 15
MAP 3: Poland regions administrative map ............................................................................. 18
Map 4: Solar irradiation and solar electricity potential for optimally inclined photovoltaic
modules in Poland, JRC PVGIS 2008 ......................................................................................... 31
MAP 5: Natura 2000 areas in Poland ....................................................................................... 44
MAP 6: Plan of high voltage grids (> 110 KW) in Poland (2010) .............................................. 58
Map 7: Solar irradiation and solar electricity potential for horizontally mounted
photovoltaic modules in Poland, JRC PVGIS 2008 ................................................................... 80
Map 8: Solar irradiation and solar electricity potential for horizontally mounted
photovoltaic modules in Poland, GeoModel Solar s.r.o. 2011 ................................................ 81
Map 9: Solar irradiation and solar electricity potential for optimally inclined photovoltaic
modules in Europe, JRC PVGIS 2008 ........................................................................................ 82
Chart 1: Real GDP growth for the period 2000-2018 (including estimates) ............................ 20
Chart 2: Poland’s GDP growth compared to EU-27 for the period 2002-2018 ....................... 21
Chart 3: Electricity imports and exports for the period 2000-2018 (in GWh) ......................... 23
Chart 4: Structure of Polish electricity market ......................................................................... 26
Chart 5: Share of renewables in gross final consumption of electricity 2012 ......................... 26
Chart 6: Poland RES targets for 2020 in % according to NREAP .............................................. 28
Chart 7: Cumulative developments of photovoltaic power plants in Poland in MWp from
2000 to 2018, including estimates ........................................................................................... 36
Chart 8: PolSEFF structure ........................................................................................................ 51
Chart 9: Market Shares by Sales of the Distribution System Operators in Poland in 2012 ..... 60
Chart 10: Organization structure of PGE .................................................................................. 62
Table 1: Electricity prices for business and households ........................................................... 23
Table 2: Support schemes for RES generation in the EU countries ......................................... 29
Table 3: Correction factor in GC's for PV systems in Poland in new draft RES law ................. 34
Table 4: Market prices for photovoltaic projects in Poland for 2012 ...................................... 35
Table 5: Proposed green certificates for electricity from renewable sources in Poland in
new draft RES law .................................................................................................................... 49
Table 6: Proposed feed-in tariffs (FIT) for electricity from renewable sources in Poland in
new draft RES law..................................................................................................................... 50
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6 TABLE OF CONTENTS | INEA CONSULTING LTD.