The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: We maintain our subdued outlook for the development of Poland's non-hydro renewables
industry as the country's Law and Justice (PiS) government is implementing restrictive measures to slow
down expansion of the wind power sector. We believe these requirements will have an adverse impact on
the deployment of new wind power projects as well as the operating environment of existing projects, while
the regulatory uncertainty will likely deter investors from entering the country's renewables market.
Latest Updates And Structural Trends
? After a significant downgrade in Q116, this quarter we have maintained our forecasts for Poland's nonhydro
renewables sector. We expect both non-hydro renewables capacity and generation to average 3.4%
growth per annum during 2016-2025.
? We retain our view that non-hydro renewables' share in the country power generation mix will rise from
the currently estimated 15.3% to 18.1% in 2025.
? In May 2016, Poland's parliament passed a legislation significantly tightening regulations for the
development of wind power. The new requirements include location requirements and higher property
? Taking into consideration these new restrictions, we expect the growth in the wind power to slow down
significantly. We forecast annual wind capacity expansion to average 2.5% between 2016 and 2020,
compared to an annual average of 34.6% between 2011 and 2015.
? In May 2016, Israel-based Energix Renewable Energies obtained more than PLN250mn (USD64mn) of
financing for the 56MW Phase II of its Banie wind project in north west Poland. The wind farm has a
total capacity of 192MW.