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Apr 18, 2018

The Bank of Canada today maintained its target for the overnight rate at 1.25 per cent.

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Mar 7, 2018

The Bank of Canada today maintained its target for the overnight rate at 1.25 per cent.

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Jan 18, 2018

The Bank of Canada raised interest rates in July for the third time in eight years, increasing the overnight lending rate to 1.25 per cent from 1.00 per cent previously.

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Dec 6, 2017

The Bank of Canada today maintained its target for the overnight rate at 1 per cent.

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Oct 25, 2017

The Bank of Canada today maintained its target for the overnight rate at 1 per cent.

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Oct 17, 2017

OSFI is reinforcing a strong and prudent regulatory regime for residential mortgage underwriting (OSFI):
“OTTAWA – October 17, 2017 – Office of the Superintendent of Financial Institutions Canada

Today the Office of the Superintendent of Financial Institutions Canada (OSFI) published the final version of Guideline B-20 − Residential Mortgage Underwriting Practices and Procedures. The revised Guideline, which comes into effect on January 1, 2018, applies to all federally regulated financial institutions.

The changes to Guideline B-20 reinforce OSFI’s expectation that federally regulated mortgage lenders remain vigilant in their mortgage underwriting practices. The final Guideline focuses on the minimum qualifying rate for uninsured mortgages, expectations around loan-to-value (LTV) frameworks and limits, and restrictions to transactions designed to circumvent those LTV limits.

OSFI is setting a new minimum qualifying rate, or “stress test,” for uninsured mortgages.

Guideline B-20 now requires the minimum qualifying rate for uninsured mortgages to be the greater of the five-year benchmark rate published by the Bank of Canada or the contractual mortgage rate +2%.
OSFI is requiring lenders to enhance their loan-to-value (LTV) measurement and limits so they will be dynamic and responsive to risk.

Under the final Guideline, federally regulated financial institutions must establish and adhere to appropriate LTV ratio limits that are reflective of risk and are updated as housing markets and the economic environment evolve.
OSFI is placing restrictions on certain lending arrangements that are designed, or appear designed to circumvent LTV limits.

A federally regulated financial institution is prohibited from arranging with another lender a mortgage, or a combination of a mortgage and other lending products, in any form that circumvents the institution’s maximum LTV ratio or other limits in its residential mortgage underwriting policy, or any requirements established by law.”

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Sep 6, 2017

The Bank of Canada raised interest rates in July for the second time in seven years, increasing the overnight lending rate to 1.00 per cent from 0.75 per cent previously.

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Jul 12, 2017

The Bank of Canada raised interest rates in July for the first time in seven years, increasing the overnight lending rate to 0.75 per cent from 0.5 per cent previously.

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Jul 6, 2017

The more immediate change was unveiled in July, when Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), unveiled a proposed new rule change that would impact a broad swath of Canadian home buyers.
OSFI said it plans to require home buyers who do not need mortgage insurance – those with down payments greater than 20 per cent of the purchase price – to prove they could still afford their mortgages if interest rates were two percentage points higher than the rate they are offered by their bank.
The current five-year fixed rate is based on the most common rate for that term at the six major banks. It currently sits at 4.64 per cent, about 200 basis points higher than actual rates — effectively meaning consumers must qualify based on the ability to make a much higher monthly payment. That ultimately means a smaller loan.

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Jun 12, 2017

Toronto’s proposed registration and licensing system for Airbnb style short-term rentals will proceed to public consultations after Mayor John Tory’s executive committee approved city staff’s draft plan on Monday night.
City staff produced a report proposing that short-term rentals be legal for up to three rooms or an entire home in Toronto as long as it is a person’s principal residence.

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Jun 12, 2017

City staff have been given the go-ahead from Mayor John Tory’s executive committee to look at creating a vacant home tax.
In housing crunch, 15,000 to 28,000 Toronto homes sit empty, says new city report
They arrived at their figure by looking at Toronto Hydro data on addresses where electricity and water hadn’t been used in a year.
The city estimates those empty homes represent 2 to 4 per cent of all housing units.

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May 24, 2017

The Bank of Canada today maintained its target for the overnight rate at 0.50 per cent.

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Apr 29, 2017

Victoria has dropped its bid to have the province impose a 15 per cent non-resident buyers tax on real estate transactions.

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Apr 20, 2017

Ontario’s Fair Housing Plan changes from 04/20/2017
Rental housing
1. Expanding rent control to all private rental units
2. Introduce legislation to standardize language in rental leases and make other changes to the Residential Tenancies Act
3. Making sure multi-residential apartment buildings are charged property taxes at similar rates to other residential properties
4. A $125-million program over five years “to further encourage the construction of new rental apartment buildings”
Foreign buyers and speculation
5. Introducing a 15-per-cent “Non-Resident Speculation Tax” in the Greater Golden Horseshoe region
6. Partnering with the Canada Revenue Agency to strengthen reporting requirements and make sure taxes are paid on real-estate purchases and sales
‘Property scalpers’ beware
7. Working to understand and tackle real-estate practices that allow “paper flipping” and other speculation
8. Reviewing rules for real-estate agents to “ensure that consumers are fairly represented”
Vacancy tax
9. Introducing legislation to let Toronto “and potentially other municipalities” introduce vacancy taxes
Other changes
10. Create new market housing and affordable-housing units with surplus provincial land
11. Creating a “Housing Supply Team” to identify obstacles to housing developments and work with developers and municipalities to address them
12. Establishing a group to advise the government on the housing market and the effects of the newly announced changes
13. Educating consumers on their rights in real-estate transactions
14. Giving municipalities “flexibility” to use property taxes to fuel development
15. Overhauling standards for elevator repair
16 An updated Growth Plan with municipalities to address density and “an appropriate range of unit sizes”

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Dec 15, 2016

B.C. offers interest-free loans up to $37.5K to 1st-time home buyers.

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Apr 12, 2017

The Bank of Canada today maintained its target for the overnight rate at 0.50 per cent.

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Mar 1, 2017

The Bank of Canada today maintained its target for the overnight rate at 0.50 per cent.

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Jan 18, 2017

The Bank of Canada today maintained its target for the overnight rate at 0.50 per cent.

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Dec 7, 2016

The Bank of Canada today maintained its target for the overnight rate at 0.50 per cent.

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Oct 30, 2016

The Federal Government is also instituting new eligibility rules for low-ratio (higher than 20% down payment) mortgages backed by government insurance.
As of November 30, 2016,  to be eligible for government insurance, new mortgages must meet the following requirements:
1. A loan whose purpose includes the purchase of a property or subsequent renewal of such a loan;
2. A maximum amortization length of 25 years;
3. A maximum property purchase price below $1,000,000 at the time the loan is approved;
4. For variable-rate loans that allow fluctuations in the amortization period, loan payments that are recalculated at least once every five years to conform to the original amortization schedule;
5. A minimum credit score of 600 at the time the loan is approved;
6. A maximum Gross Debt Service ratio of 39 per cent and a maximum Total Debt Service ratio of 44 per cent at the time the loan is approved, calculated by applying the greater of the mortgage contract rate or the Bank of Canada conventional five-year fixed posted rate; and,
A property that will be owner-occupied.

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Oct 17, 2016

CRA new schedule to report sale of property to be eligible for principal residence tax exemption
All (not only variable) insured mortgages must undergo a “stress test” (current 4.64%) that ensures a borrower’s ability to make their mortgage payments at a higher interest rate.
Monoline lenders new financing
To qualify for mortgage insurance, a homebuyer’s debt servicing ratio must be no higher than:
Gross Debt Service – 39 per cent of household income, including mortgage payment, taxes and heating costs.
Total Debt Service – 44 per cent of household income, including mortgage payment, taxes, heating costs and all other debt payments.
The announced measure will apply to new mortgage insurance applications received on October 17, 2016 or later. This measure will not apply to mortgage loans where:
before October 3, 2016: a mortgage insurance application was received;
the lender made a legally binding commitment to make the loan;
the borrower entered into a legally binding agreement of purchase and sale for the property against which the loan is secured.

Mortgage loans for which mortgage insurance applications are received after October 2, 2016 and before October 17, 2016 are also not affected by the rule change, provided that the mortgage is funded by March 1, 2017. Homeowners with an existing insured mortgage or those renewing existing insured mortgages are not affected by this measure.

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Aug 1, 2016

BC 15% tax on transfers by foreign nationals in 22 Vancouver and burbs

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Feb 15, 2016

Increased minimum down payment from 5% to 10% on the portion over 500K

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Jul 9, 2012

As of July 9, 2012, the rules for government-backed insured mortgages will tighten
again in Canada. This will be the fourth round of rule tweaking since 2008.
1. Canada’s Finance Minister Jim Flaherty today announced that the maximum amortization
period for government-backed insured mortgages will be reduced to 25
years from 30 years.
2. The maximum amount that an individual can borrow when refinancing will be
lowered to 80% from 85%.
3. The federal government will set a maximum for gross debt-service ratio (GDS) at
39% and lower the maximum for total debt-service ratio (TDS) to 44% from 45%.
4. Government-backed insured mortgages will no longer be available for homes with
a purchase price of $1 million or more.
5. In a separate announcement today, the Office of the Superintendent of Financial
Institutions (OFSI) issued its final guideline on residential mortgage underwriting
and practices, which among other things, define internal controls, reporting and
monitoring expected of federally-regulated financial institutions.

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Jan 17, 2011

Reduce the maximum amortization period to 30 years from 35 years for new government-backed insured mortgages with loan-to-value ratios of more than 80 per cent. This will significantly reduce the total interest payments Canadian families make on their mortgages, allow Canadian families to build up equity in their homes more quickly, and help Canadians pay off their mortgages before they retire.
Lower the maximum amount Canadians can borrow in refinancing their mortgages to 85 per cent from 90 per cent of the value of their homes. This will promote saving through home ownership and limit the repackaging of consumer debt into mortgages guaranteed by taxpayers.
Withdraw government insurance backing on lines of credit secured by homes, such as home equity lines of credit, or HELOCs. This will ensure that risks associated with consumer debt products used to borrow funds unrelated to house purchases are managed by the financial institutions and not borne by taxpayers.

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Feb 16, 2010

The Government will therefore adjust the rules for government-backed insured mortgages as follows:
Require that all borrowers meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term. This initiative will help Canadians prepare for higher interest rates in the future.
Lower the maximum amount Canadians can withdraw in refinancing their mortgages to 90 per cent from 95 per cent of the value of their homes. This will help ensure home ownership is a more effective way to save.
Require a minimum down payment of 20 per cent for government-backed mortgage insurance on non-owner-occupied properties purchased for speculation.

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Between 2008 and 2012

Ottawa tightened rules for new insurable loans four times between 2008 and 2012, including upping the minimum down payment to five per cent and reducing the maximum amortization period to 25 years from 30.

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Oct 15, 2008

Cutting the maximum amortization period to 35 years from 40.
Requiring a minimum down payment of five per cent, whereas loans for 100 per cent of the price are possible now.
Establishing a requirement for a consistent minimum credit score.
Introducing new loan-documentation standards.

 

 

Euro Wellness Club




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Euro Wellness Club provide quality Massage Therapy Services according to the standards of the College of Massage Therapists of Ontario. Our friendly and experienced Registered Massage Therapists (RMTs) who strive to give every client personalized, customized treatments are here to help you achieve your wellness goals. Most of our clients are seeing us to address a specific physical limitation, injury or condition, but many desire the benefits of a long-term treatment programme. We dedicate ourselves to providing noticeable and measurable results to every person who walks through our doors, assisting each of our clients in reaching their physical goals.

Euro Wellness Club offers you professional Massage Therapy services to relieve the pain and decrease the stress from your daily routine. For your best care our massage therapists are certified and in good standings within the regulatory body of the Ontario College of Massage Therapists (CMTO). They have outstanding understanding of the anatomy and physiology of the human body. They also have European education about Swedish and Sports massages. By these combinations of knowledge and experiences you will find the unique therapeutic techniques, which Euro Wellness Club offers, to be unforgettable and effective. We will work with you to ensure your comfort and safety. We are always looking to upgrade our skills to provide you with the best service possible. We maintain a clean and healthy environment so that your massage session is a pleasant one.

Our massages increases circulation, thereby eliminating toxins from the tissues and replenishing the tissues with nutrients. This increases tissue health leading to increased overall health. The massages assists the body in recovering from an illness or injury more quickly, allowing the body to return to optimal functioning in a shorter time frame and possibly preventing the injury or illness from progressing to further, more complicated scenarios.

Euro Wellness Club have the winning combination in our wide variety of treatments, gifted hands and willingness to really hear what you are saying and provide you with the massage which your body needs.
We have learned that people will forget what you said and forget what you did, but they will never forget how you made them feel. If you are looking for a new therapist, you are curious about what treatments are out there or you are just scared because the last time you got hurt, come in and see our therapists.

Euro Wellness Club is located at the very convenient location close to Sheppard Ave & Yonge Street intersection with easy access by car or TTC. Plenty of free parking is available. Our services are covered by most comprehensive benefit packages. Receipts are provided for insurance submission. Take time out to relax and unwind, visit Euro Wellness Club

to make an appointment. We recommend you to contact us prior to your visit.

Drones in Renewable Energy




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Get this free delivered PDF document

Get this free delivered PDF document, which represents an exclusive edition of the reputable Global Commercial and Civil UAV Market Guide 2015 – 2016, dedicated to Drones in Renewable Energy Sector and has been designed to provide you with the information about application of drones in wind power sector and other renewable energy sectors.

Drones and wind farms




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The global wind turbine inspection and other associated services market has been gaining momentum due to the growing wind energy capacity across the globe reveals Renewable Market Watch™ in its recently published report Drones in Wind Power Industry Global Market Outlook 2016 ÷ 2025. During the contractual warranty period and after warranty O&M contract and related services with the manufacturer, maintenance, inspections and repair actions have to be performed on the wind turbines to ensure their stable and uninterruptible generation of electricity. Like the other unavoidable steps when realizing a wind farm project like the development phase, financing process and construction phase, the operation period requires necessary maintenance and inspection actions to ensure a safe and efficient operation of ach wind turbine of the wind farm.

Read more…

Drones in Renewable Sector




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Global Commercial and Civil UAV Market Guide 2015 – 2016. Drones in Renewable Energy Sector

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Learn the difference between the commercial UAV markets in USA, Europe, APAC and MENA regions and implement the knowledge in your next investment decision
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Solar PV Market Review




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Download your FREE copy of CEE and SEE Countries Solar PV Market Review 2014 – 2015

The electric power sector in Europe and CEE & SEE countries particularly is currently facing different changes and evolution mainly in response to the three European Union (EU) energy-related challenges – environmental sustainability, security of supply, and competitiveness – within a context of growing electricity demand. These issues may also represent drivers for the further penetration of Distributed Power Generation (hereinafter simply Distributed Generation, or DG) technologies in Europe. In fact, several EU countries are already recording a gradual and steady upward trend in deploying distributed power sources.

Romania and Bulgaria have been recorded among those EU countries who posted highest reductions of CO2 emissions in 2013, according to a Eurostat survey. This reduction is due to the increase in renewable energy capacity contributing to reducing the reliability on fossil fuels, as well as various EU energy efficiency initiatives that aim to reduce emissions of CO2 and other greenhouse gases.

While matured renewable energy markets like Germany, France and Itally slowed down its speed between 2011 and 2013, on the other side of the continent, Central Eastern Europe (CEE) and South Esatern Europe (SEE) is now at the verge of a huge renewable energy expansion and offers amazing opportunities to international players. In Romania and Greece, over 2,100 MW of new photovoltaic power were installed in 2013 and the industry in CEE and SEE countries shows sign to continue its growth in 2015 and the next years. Turkey changed its government target for solar power from 3,000 MW to 5,000 MW by 2023 and is now keen to catch up with the rest of Europe, which has been demonstrated by the fast growth of their renewable energy industries over the last few years. To support this growth numerous CEE and SEE governments have introduced attractive feed-in tariffs but the ongoing financial crisis has had its negative impact.

The purpose of this document is to provide you with first-hand data on the risks and opportunities in the CEE and SEE solar PV sectors so that you can adapt your investment strategy appropriately and maximize your chances of success. It will give you tools and directions to efficiently capitalize on the CEE and SEE renewable energy boom and build up a solid long term business in the region.

If you are considering investing in the solar photovoltaic industry of the CEE and SEE region you simply must take a look at the stats we have gathered to make your choice easier and more accurate.

Get the report for FREE here:CEE and SEE Countries Solar PV Market Review 2014 – 2015

Renewable Energy Settlement




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/RENEWABLE MARKET WATCHTM/
Ministry of Economy of Poland informed on 10th October 2015 about the
establishment of the Renewable Energy Settlement Operator S.A./Operatora
Rozliczeń Energii Odnawialnej A.S. (OREO).  This operator is special
purpose state-owned company that will be obliged to execute settlement operations
concerning renewable energy electricity generated by power plants operating
according auction mechanism for renewable energy projects. Mr. Jarosław
Bogacz was appointed for chairmen of the board of OREO. He was previously engaged with EDF Poland.

Winners in renewable energy auctions will sign contracts for difference (CfDs)
with Renewable Energy Settlement Operator S.A. (OREO). Under
these contracts auction winners shall receive the difference between the final
auction price and the current average electricity price on the free energy
market for each MWh of generated renewable energy. In case of negative
difference, energy producers shall be entitled to refund it to the settlement
operator.

Renewable energy auctions in Poland will start after 1st January 2016 and
are expected to boost solar PV installations in the country, which are trailing
at the end of Q3 2015 with less than 40 MW cumulative installed capacity. Exact
dates of auctions during the 2016 year are still not announced.

Geographically, Poland is suitable for the production of photovoltaic energy
throughout the whole year, but due to the relatively large national territory,
south parts of the country are more preferred ones. The average annual sunshine
duration is approximately 1,600 hours according to Polish Academy of Science,
whilst solar radiation resource on horizontal surface is varying between 1,000
kWh/m2. and 1,160 kWh/m2, with the average of approx. 1,080 kWh/m2. The main
determinants of total solar radiation in Poland are most favorable in the period of late spring –
late summer. The main flow of the total solar radiation is in the hours around
noon, with more than 70% of the total flow registered between 9 am and 3 pm.

Some of the most suitable regions for photovoltaic installations in Poland
are Krakow, Tarnow, Rzeszow and Lublin.

What are exact referential prices for solar PV power plants above 1 MW and
under 1 MW in Poland? How the auctions will be organized and take place?
What is market dynamics and forecast for market development to 2025? Answers to
all these questions you will find out in Renewable Market Watch’s latest Q4
2015 report update after in-depth analysis of Polish solar PV market.

More information about deal, activities and legal regulations on Polish solar
market you may read here: Poland Photovoltaic Market Outlook 2015 – 2025

Feed-in tariffs




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/RENEWABLE MARKET WATCH/ Feed-in tariffs for solar energy have been approved from the Government of Kazakhstan on 12th June 2014 and have been are equal to approximately € 0.145/KWh (KZT 34.61/KWh). However after Government’s decision of switching to free floating currency exchange rate in August 2015, Kazakhstan’s tenge (KZT) plunged to almost 30 % slide measured at the end of October 2015. Kazakhstan’s decision was forced after the sharply falling crude oil prices and because penalties to Russia for the conflict in Ukraine drove the Russian ruble to almost 45 % down in the past 12 months. This sharp currency devaluation reflects automatically to reduction of feed-in tariff rate when measured in any of the hard currencies (USD, EU, GBP, etc.). Logically all local and international developers and investors in solar PV projects in Kazakhstan has risen question in front of the Government for appropriate adjustment of feed-in tariff with the rate of currency devaluation. According to Kazakhstan Photovoltaic (Solar PV) Market Outlook 2015 – 2025 adjustment of feed-in tariffs for solar (and other renewable) energy in Kazakhstan to compensate currency devaluation shall be approved by the Government in within the next 2 – 3 months.

“Cumulative PV installations in CIS countries are 851 MW (0.85 GW) at the end of 2014”

Total cumulative photovoltaic installations in CIS countries have reached 851 MW (0.85 GW) at the end of 2014, a very small share of the global cumulative installed photovoltaic capacity of 184 GW in 2014. However, situation at CIS countries solar PV market is about to change in positive growth direction. Besides Ukraine, which is undisputed leader by means of installed PV capacity among CIS countries, Kazakhstan also has its ambitions to take serious share from this market.

“Kazakhstan is suitable for the production of photovoltaic energy throughout the whole year”

At the end of 2014 Kazakhstan was trailing with only 5 MW cumulative installed solar capacity, which represented less than 1 % of total installed capacity for 2014 in CIS countries. Geographically, the country is suitable for the production of photovoltaic energy throughout the whole year. The solar radiation potential on the Kazakhstan’s territory is good despite the large differences in the sunlight intensity between the South and North regions in the country. The average annual sunshine duration is roughly 2,200—3,000 hours and the average solar radiation resource is varying in the range 1,300 – 1,800 kWh/m2.

“First large scale PV power plant in Kazakhstan was launched into operation in 2015”

At the moment, approx. 87% of Kazakhstan’s electricity is generated mainly from coal-fired plants and approx. 9% from hydroelectric sources. The coal thermal power plants are located in north regions, which are traditionally producing coal. Hydro power plants are located mostly along the Irtysh River. The southern regions of Kazakhstan suffer from lack of sufficient energy resources and for this reason electricity consumption is covered by import from the Kyrgyz Republic. The transmission and distribution system comprises 3 different grid networks, two in the north and one in the south, totaling 285,000 km of distribution lines.

First large scale PV power plant in Kazakhstan was launched into operation in 2015, whilst other large scale PV power plants are under construction. You will find out Renewable Market Watch’s latest Q4 2015 update after in-depth analysis and careful review of Kazakhstan solar PV market performance.
More information about this very promising solar market you may read here: Kazakhstan Photovoltaic (Solar PV) and Market Outlook 2015 – 2025

Solar Market in Greece.




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/RENEWABLE MARKET WATCH/ Greece has a superb sun radiation capacity and it is estimated that one third of Greece’s energy requirements could be met with solar. Greece ranks 5th worldwide with regard to per capita installed PV capacity. Approximately € 4.5 billion were invested in PV sector in Greece during the last 5 years. This is 35% higher than the cumulative amount invested in all other RES technologies during the last 20 years.
Based on the EU mandate (Eel, 140/2009) and the latest law on RES Development (3851/2010), the national target for RES by 2020, states that the energy produced by RES in Greece will contribute 20% of the gross final energy consumption, whereas the electric power produced by RES will contribute at least 40% of the gross electric consumption. The Ministry of Environment, Energy and Climate Change has estimated that the implementation of these targets would require an investment of EUR 16 billion over the next decade.

Greece has a superb sun radiation capacity and it is estimated that one third of Greece’s energy requirements could be met with solar. Greece ranks 5th worldwide with regard to per capita installed PV capacity. Approximately € 4.5 billion were invested in PV sector in Greece during the last 5 years. This is 35% higher than the cumulative amount invested in all other RES technologies during the last 20 years. In 2014, PV covered more than 5 % of electricity demand in Greece. Greece introduced high feed-in-tariffs (FiTs) for photovoltaic energy since 2006. This reflected in fast market growth, especially during the period 2011-2013, and reached a cumulative installed PV capacity of 2.58 GW at the end of 2014.

Net-metering scheme for small scale PV installations, which has been under discussion since 2013 was finally, introduced by the Greek Ministry of Environment at the very end of 2014. It is created especially to support self-consumption in agricultural areas for rooftops and ground mounted PV systems with limitations for maximum installed PV capacity.

Solar power capacity in Greece will exhibit increase in between 2015 and 2020 in a result of recently announced net metering scheme, however shall the growth will be as high as it was in the past few years?

More information and answers to your questions about Greece solar PV market you may read here: Western Balkans Photovoltaic (Solar PV) Market: Outlook 2015÷2020

Solar PV Market in Poland.




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/RENEWABLE MARKET WATCH/ Poland is quite interesting market for solar PV projects development due to its political and economic stability, high prices for electricity and heavy dependence on coal and lignite in power generation. Polish energy policy should be changed to comply with EU renewable energy policy.
Poland’s neighboring with Germany, which the largest PV market in the world (by means of cumulative installed PV capacity) creates additional pressure and expectations for development of Polish photovoltaic market. According to its Renewable Energy Sources Act, which was adopted in February 2015 and approved by the President in March 2015, feed-in tariffs have been introduced for small scale solar and wind installations. According to Poland Photovoltaic Market: Outlook 2015 – 2025 the process behind these legal changes has been quite long and took more than 3 years to Polish government with several editions of this law. All of the editions have been quite controversial and led to a lot of confusions for all investors interested in Polish solar PV market.

Mandatory targets of the Directive 2009/28/EC on the Promotion of the use of energy from renewable sources set by EU for Poland are 15 % by 2020. According to Polish National Renewable Energy Action Plan (2010), intermediate country’s target is 11.9 % share of RES-electricity in gross final consumption of electricity by the end of 2015. Feed-in tariffs for small scale photovoltaic power plants in Poland will have 15 years term and there will be certain quota. When reached this quota would mean stop of grid connection of new solar PV installations. More information about quota for photovoltaic installations in Poland and about this promising market you may read here: Poland Photovoltaic Market: Outlook 2015 – 2025