The development of offshore wind energy –
The development of offshore wind energy significantly increases the demand for submarine electric cables. Global demand for these cables is expected to increase as much as 9.5 times between 2020 and 2028. In Poland, the installed capacity of offshore wind energy is expected to reach 6.1 GW by 2030. While in the entire European Union, it may be up to 111 GW. Due to the dynamic development of this industry, submarine cables have become one of the key elements of the European supply chain.
A growing demand for submarine electrical cables
The production of submarine cables is dominated by several large companies. These are: Nexans (France), NKT (Denmark), Prysmian (Italy) and the British JDR Cables. The latter company has been part of the Polish TELE-FONIKA Kable SA Group since 2017. Due to, growing demand, cable manufacturers already have their production capacity fully reserved for the coming years. Cable production is expensive and requires specialized installation systems and factories located in ports. This constitutes an entry barrier for new players in the market. High demand causes prices to rise – from 2004 to 2022, the prices of submarine cables increased fivefold.
Copper as a key raw material
The growing demand for submarine cables is not only a matter of production constraints, but also of rising copper prices. In May 2024, the price of this raw material reached record prices, exceeding USD 11,000 per ton. Copper is a key material used in the production of submarine cables, which puts additional pressure on prices.
An opportunity for the Polish economy
Poland is the 11th largest copper exporter in the world. It has a unique opportunity to take advantage of the growing demand for this raw material. In 2023, the value of Polish exports of copper and its products amounted to USD 5.4 billion. In 2019-2023 it increased by 46 percent. The dynamic development of offshore wind energy in the world creates an opportunity for Poland to strengthen its position on the international market. A strong position as a copper exporter can benefit the Polish economy and support global efforts to decarbonize the energy sector.
Source: The Polish Economic Institute, Economic Weekly, No. 33/2024
- Everything
- News (257)
- Events (159)
- Get Support (82)
-
Degustacje Piwa Paweł Leszczyński
Cultural and recreational servicesShow allShow more Show lessThe Warsaw Beer Festival is more than just a gathering with great beer—it’s three days filled with positive energy, conversations, laughter, and new experiences. Since 2014, every spring and autumn, we create a space where passionate people come together: craft brewers, beer enthusiasts, and everyone who enjoys a good time in a relaxed, friendly atmosphere. It’s a place where friendships are made, new flavors are discovered, and old habits are broken. No pretension—just a love for craft
EXTREME EXPLORER KRZYSZTOF ZABŁOTNY
Show more Show lessClimbing School run by a PZA Mountaineering Instructor with over 25 years of experience. We offer climbing courses in Poland and abroad: mountaineering, rock climbing, beginner, winter, high-altitude tourism, and ice climbing. Training is tailored to all skill levels – from basics to advanced techniques in belaying, self-rescue, and route leading. Focus on safety, technique, and passion!
EXACTUS Sp. z o.o. Biuro Rachunkowe
Business servicesShow allShow more Show lessExactus is one of the largest accounting offices in the Wielkopolska region (western Poland). For over 24 years we have been providing high quality accounting, tax, payroll, HR and consulting services. We provide reliable accounting, partnership cooperation and stable service. Our experience and knowledge will certainly allow us to support your business in Poland in the ever-changing legal and tax environment. We cooperate with many entrepreneurs who represent a variety of industries.
ACCREO SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Business servicesShow allShow more Show lessAccreo is a modern consulting company that offers services to businesses and individual clients for tax and legal consulting, business restructuring and European consulting. The Accreo brand stands for the consistently high quality of services provided, tax and legal security of the proposed solutions, and its unique added value, which is extremely important for a company’s stability and efficient management in ever-changing business realities.
-
-
-
