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Press releases

PGE: How to change EU ETS so that it supports the energy transition?

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.

11.04.2022
Growth of PGE Group’s onshore wind farms portfolio

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. 

01.04.2022
PGE seeks funding to accelerate energy transition

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.

18.01.2022

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During the first debate of the European industry and representatives of EU institutions since the publication of the “Fit for 55” package, PGE appealed to co-legislators for a more ambitious increase in the Modernisation Fund and continued support in the transitional period for gas investments that will facilitate the phase-out of coal in line with the technological neutrality principle.

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Defining the challenges facing local governments, the need for cross-border cooperation and creating a new vision for the region and its inhabitants. The above are the main topics of the debate entitled "The shared future of mining regions located close to the border of PL-CZ-DE. Economy, Society, Environment”, which was organised on the 6th of July 2021 in Bogatynia at the initiative of PGE Polska Grupa Energetyczna.

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PGE Polska Grupa Energetyczna has held information workshops for potential suppliers of products and services for its offshore wind farm development project in the Baltic Sea. The online event was attended by nearly 500 firms, including more than 400 Polish businesses.

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PGE Polska Grupa Energetyczna has extended an invitation to potential contractors to participate in online workshops on 18 June 2021. The branding campaign “Harness the strength of Baltic wind. Develop wind farms with us” encourages Polish firms to participate in PGE Group’s flagship investment project.

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The second part of international information campaign “Green Deal, not a Grim Deal” was launched in Brussels on 8 June 2021. The campaign is an element of communication on the societal, economic and environmental effects of shutting down the Turów mine in an unplanned and uncoordinated manner.

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The Marshall of Łódzkie Voivodship has published a Territorial Just Transition Plan, which contains the dates for turning off energy generation units at the Bełchatów plant and an end date for lignite mining in the Bełchatów region. The development of a Territorial Just Transition Plan for the Łódzkie Voivodship is a mandatory requirement in the process of seeking EU funding for the region.

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PGE Polska Grupa Energetyczna has published its non-financial statement for 2020 in an online format. It depicts PGE Group’s management approach to environmental, employee and social matters and respect for human rights. This is the first time that PGE Group has published its approach to climate risk.

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PGE Group has published financial and operating results for the first quarter of 2021. The segments Conventional Generation, District Heating, Distribution and Supply recorded higher results than in the same period last year, while the Renewables segment noted similar results despite much weaker wind conditions. The financial results were significantly influenced by revenue from the Capacity Market, which amounted to PLN 667 million.

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Jacek Sasin, deputy prime minister and minister of state assets, Artur Soboń, deputy minister of state assets, and Wojciech Dąbrowski, president of the management board at PGE Polska Grupa Energetyczna, met with the employees of the Turów mine and power station on 25 May in Bogatynia.

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The decision on environmental conditions was issued in January 2020, following extensive transboundary consultations with Czechia and Germany and after the fulfilment of a range of conditions specified in Polish and European law. This was a key element in the concession prolongation process intended to further legally conduct extractive activities until 2044, on an area half the size of the area specified in the concession from 1994

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PGE Polska Grupa Energetyczna has published a protocol from October 2019, which concluded transboundary consultations with Czechia regarding the prolongation of a concession for the Turów mine until 2044. The consultations with Czechia lasted five years and were extraordinarily intensive. In the protocol, Czechia accepted the measures proposed by the mine intended to minimise its impact on border regions in Czechia. On this basis, the mine received an environmental decision and subsequently a mining concession until 2044. In spite of this, Czechia is demanding the immediate closure of the Turów mine.

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PGE Polska Grupa Energetyczna cannot agree to closing the mine in Turów. This would directly mean a complete shutdown of the power plant that supplies electricity to 3.7 million of Polish households.

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