Poland Enviromental Technology Modernization Fund to spend billion euros on construction of waste incineration plant
The Modernization Fund is a relatively new source of financing, supported at the EU level by the sale of carbon dioxide emission allowances by wealthier EU countries that have agreed to transfer part of their allowances to Central European countries and Greece.
Over PLN 3 billion of support from the Modernization Fund was allocated to 17 projects of electrical power and heating plant (Koszalin 13MW, Suwalki 7MW, Torun 7MW, Opole 7MW, Radomsko, Radom 21MW, Wysokie Mazowieckie 9MW, Siedlce 7MW, Lublin 13MW, Krasnik 7MW, Stalowa Wola14MW, Tarnow 14MW, Debica7MW,Gorlice 19MW,Zamosc 6MW, Krakow 40MW,Oswiecim 49MW)for the energy use of municipal waste. It’s still a promising business, and there were twice as many people interested. Among 17 different regional programs from the EU modernization Fund, one of the potentially most lucrative for renewable energy firms will be the program that uses alternative fuels for energy. This program agreements to support 17 projects for over PLN 3 billion in the form of loans and subsidies, which already uses half of the planned budget.
The National Fund for Environmental Protection and Water Management manages a new stream of funds for the modernization of the energy sector in Poland. The Modernization Fund will be used to finance investments in renewable energy sources, improve energy efficiency, energy storage, modernize energy networks and support the transformation in coal regions.
Data from the National Fund for Environmental Protection and Water Management show that the total processing capacity of 17 planned installations for the thermal processing of municipal waste (ITPOK) is 767 thousand tons, as well as 246 MW of total power in high-efficiency cogeneration. According to current schedules, four large investments should be completed in 2024, including the construction of two new facilities (Olsztyn and Gdańsk) and the expansion of existing installations (Warsaw and Rzeszów). Many huge players in the Polish market have obtained a financial resource and are planning to invest in municipal wastes incinerators.
U.S. firms have a strong reputation for innovation and quality, consulting and engineering services, as well as after the sale service – all of which appeals to potential Polish partners. U.S. companies interested in participating in tenders in Poland in the renewable energy sector can contact Commercial Service Poland at office.warsaw@trade.gov.