III. Plans for business activity development and capital formation
In the years 2016 – 2017, the entrepreneurs will concentrate their activities on the development of ready projects and the acquisition of further locations in order to enlarge the investment portfolio by another 35 to 50 projects for photovoltaic power stations with a capacity of up to 1 MW and the achievement of the development stage, i.e. the procurement of the legal title for the location, the environmental decisions, the construction conditions, the grid connection agreements and the building permits.
In terms of capital formation the company plans to enter the NewConnect stock exchange (alternative trading system) in order to obtain an additional 1,400,000 PLN for the realization of the project. This takes place in close cooperation with the law office “Zarzecki, Lasota i Wspólnicy” Sp. z o.o. – an authorized NewConnect consultant.
The project benefits from considerable public funds, including EU funds, available for the realization of this type of projects. In view of the fact that by 2020 Poland is to achieve a 15% share of renewable energy sources in the final energy consumption, including electrical energy from RES, the Polish legal system, upon passing the Renewable Energy Sources Act of 20 February 2015, has approached the relevant standards applicable in other EU countries and has the chance to consolidate the position of Poland as a country with favourable conditions for investing in this industry.
Recently, in particular after passing the RES Act, the perspectives of power generation with photovoltaic systems were emphasized and perceived, among others, by investors such as the RWE AG.
The share of RES in Polish power engineering is steadily growing, mainly thanks to wind energy. Another significant RES technology which recorded a dynamic increase of the share in the generation and production capacities in Europe are photovoltaics. Despite solar conditions similar to Germany and better than in England, for example, Poland is still behind Europe concerning the shareof photovoltaic technologies in the energy mix.
In Poland, only just under 1W of power per inhabitant comes from photovoltaic plants, compared to an EU average of 170 W and to almost 500 W per person in the leading country with regard to the development of this technology, namely Germany, which means that the market potential is very high.