For the National Recovery Plan, PGE has prepared 24 projects worth PLN 74 billion, 80 percent of which is to be invested in renewable energy sources. On 26 February the government presented a draft of the National Recovery Plan and forwarded it for public consultations. The draft document includes a number of investment initiatives aimed at supporting the recovery of Polish economy after the pandemic.
Due to the considerations of the power and district heating system in Poland, we need investments in gas installations in order to achieve climate neutrality, while treating gas as a transitional technology - said Paweł Strączyński, Vice-President for Finance of PGE Polska Grupa Energetyczna, during the event "EU TAXONOMY: finding the right balance for a successful Transition" held by the Brussels-based Energy Post. The event took place on 22 February 2021. Nancy Saich from the European Investment Bank, a member of the Platform on Sustainable Finance, Dr Mirosław Groszek, former member of the European Commission's High-LevelExpert Group on Sustainable Finance, Ian Simm, CEO and founder of Impact Asset Management and Czech MEP Ondřej Knotek from the Renew Group also took part in the discussion on sustainable financing of energy investment projects.
Ørsted and PGE Polska Grupa Energetyczna (‘PGE’) have signed an agreement to form a 50/50 joint venture for the development, construction and operation of two offshore wind projects in the Baltic Sea with a total potential capacity of up to 2.5 GW.
The cost discipline and expenditure optimization introduced by the PGE Management Board on the scale of the entire PGE Group is beginning to bring the first visible financial effects. According to the assumptions of the new Strategy, in the coming years the value of the Group will be built on the basis of the distribution segment and dynamic development of renewable energy sources.
PGE Polska Grupa Energetyczna has published a new strategy. The company presented the Group's transformation plan and the path to decarbonisation of generation and announced the goal of achieving climate neutrality by 2050. Already within a decade, the PGE Group will become a completely different company," announces Wojciech Dąbrowski, President of the Management Board of PGE.