Abstract
Abstract Since 2009/10 Poland has experienced a dynamic growth of wind energy production. Currently, wind energy is the most popular resource of renewable energy in Poland. Despite the importance of wind energy for the Polish economy, there is no reliable and comprehensive research on the causal effects of wind farm facilities on property prices. The aim of this article is to critically review existing research related to the impact of wind farms on prices of nearby residential properties. The article concentrates on Polish as well as international scientific literature. Besides presenting the main findings obtained from the review of literature, the article clusters these findings based on information that is crucial to the analysis: methodology, data, and subject of study. The literature review is followed by a description of the characteristics of wind energy in Poland, which includes differences in the location of wind farms between Poland and other countries. The article concludes that despite the fact that some international research points to a significant causal effect of wind farms on property prices, these results cannot be easily transposed to Polish circumstances. Based on the reviewed literature, the article moreover shows directions for improving future analyses in Poland, particularly with respect to the methodology.
Highlights
Renewable energy (RE) is an alternative to conventional energy resources such as oil, gas and, in the case of Poland, coal
The results show that, in Poland, current research regarding the impact of wind farms focuses mainly on cost-benefit analysis (e.g. LIGUS 2009) or qualitative analysis (e.g. HRYNKIEWICZ 2014)
The results show that following the actual construction of the wind farm, prices of nearby houses appreciated faster than those of houses located farther away (HINMAN 2010)
Summary
Renewable energy (RE) is an alternative to conventional energy resources such as oil, gas and, in the case of Poland, coal. Poland is forced to successively increase the share of RE in its total energy balance, due to approved international agreements Due to the energy potential of RE resources in Poland and the efficiency of energy production, priority has been given to biogas and wind energy. Thanks to moderately good wind conditions, a system of subsidies and donations for wind energy, reliable technology used for constructing wind turbines and the smaller complexity of the project venture than in the case of biogas plants, wind energy is currently the most popular source of RE in Poland
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