Moving away from traditional energy, based on fossil fuels, requires investment in modern sources of green energy. Renewable energy sources are extremely promising – also from a typical business point of view. Examples can be multiplied to confirm this thesis. One of the most interesting is Estonia.
Renewable energy covers half of energy demand
According to available data, green energy sources already cover half of Estonia’s energy needs. Achieving this level has been made possible by years of investment in RES. The scale of the effort put in by Estonians to develop green energy is well illustrated by Eurostat data. As recently as 2012, the share of RES in the Estonian energy mix was about 25%, while by 2021 this percentage had risen to 38%, and has now exceeded the 40% ceiling.
Over the past year alone, energy production from solar panels has increased by a quarter, allowing the generation of 693 GWh of power. A sizable percentage of green energy in the country indicated is generated by biomass, biogas and waste. Technologies based on them account for 46 percent of RES energy. Windmills, on the other hand, currently account for 26 percent of total green energy production in Estonia.
What can we learn from the Estonians?
The example of Estonia certainly shows that it is worth investing in RES, not sparing funds for it. Besides, the Polish reality also proves what a very good investment it is to allocate funds for investments that allow the production of green energy. It is enough to recall the success of successive programs supporting, for example, the installation of photovoltaic panels or heat pumps. Nowadays, in turn, there are more and more frequent – very correct – ideas to support advanced and complex RES installations, including, for example, photovoltaics, heat pumps and energy storage.
However, investing private capital in green energy also offers remarkable business prospects. Most promising here is wind energy, that is, wind farms built onshore and offshore. Poland has favorable natural conditions for building and obtaining large volumes of energy from such farms. And given the huge needs of the energy transition, virtually any amount of such power will find its recipients.