- Eolus is entering the Polish renewable energy market by establishing its operations here
- It wants to focus on solar PV as well as onshore and offshore wind technologies
- Broad plans include development, construction, sales and asset management services of facilities with the lowest possible cost
Wind power company from Sweden, Eolus Vind AB has announced plans to enter Poland’s renewable energy space, concentrating on both solar power, and onshore and offshore wind.
The company said it is establishing operations in the ‘fast-growing market’ of Poland and has hired Poland based Daniel Larsson as country manager to lead operations in the country. Larsson comes to Eolus from the Swedish Embassy in Warsaw where he was supporting and developing Swedish business and investors in Poland, with a focus on energy and climate-related projects.
Eolus sees great potential in the Polish energy market as it works to lower its dependence on coal fired power by aiming to shutter all coal mines by the year 2049, and move towards renewables as solar PV, onshore and offshore wind.
It plans to engage in development, construction, sales and asset management services of facilities with the lowest possible cost for the Polish consumers.
“The market entry is based on the company’s strategy for growth. Currently Poland is one of the European countries most dependent on fossil-based electricity production, which provides great business opportunities for an experienced project developer like Eolus,” said Eolus.
Recently, renewable energy institute IEO came out with an estimate for Poland to grow to a total of 15 GW solar PV capacity by the end of 2025 (see Poland: Solar PV Capacity To Grow To 15 GW By 2025). With PV perspectives for Poland considered bright, several companies are strengthening their solar activities in Poland (see BayWa Sets Up Shop In Poland With New Warehouse).
In September 2018, Eolus acquired its 1st solar and storage project in North America with 500 MW PV and 250 MW battery storage component (see Eolus Acquires Large US PV+Storage Project).