Briefings, Reports

Boosting renewable energy in the Visegrad region

The role of business

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Windmill against a blue sky
Windmill against a blue sky Photo by Andrew Schultz on Unsplash.

There is strong interest by businesses in the Visegrad countries Czechia, Hungary, Poland, and Slovakia to meet their electricity needs from renewable energy sources.

While companies have already recognized the economic potential of renewable energy, governments from the region need to catch up with the market.

Poland is making the first steps to becoming an offshore wind leader in the Baltic Sea and considering relaxing restrictive regulations. In contrast, supportive policy frameworks for corporate renewable electricity sourcing are lacking in Czechia, Hungary, and Slovakia.

Giving businesses easy access to cheaper renewable energy sources can increase the attractiveness of the Visegrad countries for investments and strengthen their position in the industrial supply chain. To this aim, governments need to provide a stable regulatory environment.

This includes showing a clear political commitment to renewable energy by increasing national renewable energy targets, removing regulatory and administrative barriers to the uptake of corporate Power Purchase Agreements and creating financial support schemes to facilitate corporate renewable electricity sourcing. Cross-country exchange can accelerate learning from experiences in other countries.

This briefing presents findings from a survey and interviews with mostly multinational companies operating in the Visegrad region.

Read the briefing in full here.

This briefing is part of a cooperation between E3G and partners of the Visegrad+ for Renewable Energy Platform, including the Czech Renewable Energy Chamber, Energiaklub, the Polish Wind Energy Association, the RE-Source Poland Hub, and the Slovak Association of Photovoltaic Industry.

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