Development of the Polish geothermal sector in the light of current possibilities of financial support for a geothermal investment

AGH University of Science and Technology, Faculty of Geology, Geophysics and Environmental Protection, Department of Fossil Fuels, Mickiewicza 30 Avenue, 30-059, Kraków, Poland

^* Corresponding author: adrabik@agh.edu.pl

Abstract

Geothermal energy is an internal heat of the Earth, that is a prospective and sustainable source of renewable energy. In Poland, despite having significant amount of low-temperature geothermal resources, its share in the national energy mix remains marginal but growing. Currently, the utilisation of geothermal resources is related to hydrogeothermal resources, that are used mainly in space heating, recreation and balneotherapy. Nevertheless, the indication of potential electricity production is under research. The utilisation of geothermal resources entails a plenty of environmental benefits that are particularly important in the context of the present pollution problem. Therefore, the development of the geothermal energy sector is of relevant importance and with appropriate legal and financial conditions it may have a bearing on improvement of the environment’s quality and, ipso facto, living in Poland. Thus, this paper presents numerous possibilities of obtaining a financial support for investments in geothermal energy sector. Selected funding and financial backing systems currently available in Poland are discussed. The importance of opportunity of obtaining a financial support for an investment as one of the crucial factors for the geothermal sector development is emphasised. Moreover, the examples of installations implemented in the country in the context of obtained funding are presented.