Press releases

The European Investment Bank (EIB) approved the in-principle financing of the Baltica OWF project to be implemented by the PGE Group. The total financing package amounts to EUR 1.4 billion. This is a significant step towards ensuring an optimal financing structure that will enable the construction of PGE's first offshore wind farms in the Baltic Sea.

For the first time in ten years, a Polish representative has been elected to the board of the European Coal Combustion Products Association ECOBA. The new member is Lech Sekyra, President of the Management Board of PGE Ekoserwis, a company belonging to the PGE Group and involved in the management of by-products of combustion from the energy industry.

PGE's unique on a European scale energy storage project in Żarnowiec with a capacity of no less than 200 MW has obtained the first license promise in Poland for electricity storage in a large-scale electrochemical energy storage facility. The promise was issued by the President of the Energy Regulatory Office.

PGE has for quite some time been calling for the reform of  EU’s Emissions Trading System (EU ETS). The most recent price swings and allowance shortages demonstrate that the EU ETS is no longer motivating energy producers to invest in renewable energy sources. The president of PGE’s management board, Wojciech Dąbrowski, presented the conclusions from a report prepared by Compass Lexecon, which identifies specific problems with the ETS market that lead to price volatility and a lack of market’s predictability.

PGE has signed a conditional agreement to purchase three onshore wind farms with total capacity of 84.2 MW. Conclusion of the transaction will result in 12 percent increase of PGE Group capacities in onshore technology that will amount to more than 770 MW. 

During the virtual meeting with suppliers on April 22, 2022 investors will present the progress of works related to the construction of the Baltica Offshore Wind Farm with connection infrastructure to the transmission system, including the scope and plan of tenders planned in the near future, as well as milestones of the investmen 

Since the first day of Russia's aggression against Ukraine, the PGE Group has been involved in activities supporting refugees. To this end, through the PGE Foundation, it provided financial support in the amount of PLN 420 thousand to help the Ukrainians fleeing war. Employees of PGE Group companies also became involved in the activities and collected 5 buses full of gifts for those in need. Also sports teams and cultural institutions under the patronage of PGE joined in the assistance to Ukraine.

PGE Polska Grupa Energetyczna is planning to issue series E shares. If approved by an Extraordinary General Meeting, the issue may raise an estimated PLN 3.2 billion. The funds raised from investors would be deployed to capital-intensive investment projects in the area of distribution grid development, renewable energy sources and decarbonisation through the development of low-carbon sources.

To align with investor expectations, PGE Group participated in CDP’s international survey on climate protection and water management. This was also intended to define a starting point for the Group in these areas, being the foundation for a stronger push by PGE to limit its impact on the natural environment.

PGE Polska Grupa Energetyczna, Tauron Polska Energia and Enea are joining forces in the area of offshore wind energy. Poland's largest energy companies are planning to develop four offshore wind projects in the Baltic Sea, setting the pace for the country's energy transition. PGE Polska Grupa Energetyczna has signed conditional agreements with Tauron Polska Energia and Enea for the sale of shares in four project companies whose task will be to obtain location permits for the construction of offshore farms in the Polish Exclusive Economic Zone in the Baltic Sea.   

Representatives of PGE, PGE Baltica and the City of Ustka have signed a letter of intent regarding the possibility of establishing service infrastructure at the Sea Port in Ustka for planned offshore wind farms.

In today;s debate organised by the Brussels portal Euractiv, "The new EU ETS: what should be changed?",  PGE called for mitigating the additional costs of the energy transition by introducing appropriate amendments  in the Commission proposal to reform the EU Emissions Trading Scheme (EU ETS). The webinar attended by representatives of the European Commission, MEPs, market analysts and leading think tanks, brought together over 400 participants.