• PGE Nowa Energia, in cooperation with the dealer network of the Volkswagen Group, will install up to 300 new charging points for electric cars

    17.02.2020

    Representatives of Volkswagen Group Polska, the Dealers' Association - an entity representing authorized dealers and service partners of the Volkswagen Group - and PGE Nowa Energia have concluded an agreement concerning the construction of generally available electric car charging stations at car dealerships belonging to Volkswagen Group Polska. Under the agreement, up to 300 new recharging points will be opened at the showrooms over the next 2 years.

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  • PGE Baltica to start cooperation with the Polish Geological Institute

    13.02.2020

    Polish Geological Institute – National Research Institute (PIG-PIB) will support PGE Baltica in preparation for geological surveys. This is yet another step in the implementation of the offshore wind farm construction program of the PGE Capital Group. Both institutions signed a letter of intent in this matter.

    PGE Baltica to start cooperation with the Polish Geological Institute
  • PGE Baltica has completed wind testing in the Baltic Sea

    11.02.2020

    PGE Baltica has completed its two-year wind measurement campaign in the Baltic Sea using a floating LiDAR device. The research allowed the collection of high quality data confirming the appropriate wind conditions for the investment. This is another step towards launching offshore wind farms under the Offshore Program at the PGE Capital Group. Wind measurements at farm locations are necessary to estimate their productivity.

    PGE offshore
  • PGE achieves stable financial results for 2019 in a very demanding market

    04.02.2020

    The PGE Capital Group has published preliminary data for 2019. Lower operating results in the coal-fired power generation segment and simultaneous increases in the RES segment's results confirm that the Group's transition towards low-carbon power generation was the right decision.

    • In 2019 the PGE Group's reported EBITDA  rose by 12% to PLN 7.1bn.
    • Consolidated net result attributable to equity holders of the parent company amounted to PLN 1.9bn, which constituted a 24% increase over that  of 2018.
    • In 2019 capital expenditures grew by 2% on a year-to-year basis and exceeded the level of PLN 7bn. 
    • The annual generation of power from low carbon gas fuels rose by 9% to 4.5 TWh. In the same period wind farms increased their output by 20%,  achieving, according to preliminary data, the result of 1.27 TWh.
    • There occurred a decrease in power generation based on lignite and hard coaland the year to year increase in CO2 emission costs was approximately PLN 1.64bn.
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  • PGE signs a contract for the construction of two CCGT units with a capacity of approximately 1400 MW in the Dolna Odra Power Plant

    30.01.2020

    On 30 January 2020, the Dolna Odra Power Plant, operated by PGE Górnictwo i Energetyka Konwencjonalna belonging to the PGE Capital Group, was the venue of signing a contract for the construction of two new gas-fired power units with a combined capacity of about  1400 MW.

    PGE Dolna Odra Power Plant
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