Press releases

With the closing of the agreement, which was first announced on 10 February 2021, PGE and Ørsted now each own 50% of the shares in the offshore wind projects Baltica 3 and Baltica 3, together comprising the Baltica Offshore Wind Farm – the largest offshore wind project in the Polish part of the Baltic Sea. The partners will jointly build and operate the offshore wind farms which will have a total installed capacity of up to 2.5 GW.

While world leaders were discussing green transition at the climate congress organised by US President Joe Biden, the fate of the future of the mining region at the junction of three borders - Poland, the Czech Republic and Germany - is at stake in the Court of Justice of the European Union. A CJEU decision is expected in early May on a request for the immediate closure of Poland's Turów mine, which could lead to a sharp economic collapse in the province and also shake the stability of Poland's power system. In order to make EU leaders aware of the scale of the disastrous social consequences caused by the sudden closure of the mine, the owner of the Turów complex is launching an international information campaign entitled "Green Deal, not a Grim Deal".

On April 6, the Polish response to a request for the immediate closure of the PGE's Turów lignite mine was submitted to the Court of Justice of the European Union. PGE Polska Grupa Energetyczna considers the Czech government's demands as a dangerous precedent carrying a serious risk of a ‘predatory’ energy transition in contrast to just transition promoted by the European Commission. The international legal battle brought by the Czech authorities over the future of the PGE GiEK's power complex in Turów threatens the future of the European Green Deal.

The Polish Energy Regulatory Office has awarded a Contract for Difference to the Baltica 3 and Baltica 2 offshore wind farms with a total capacity of up to 2.5 GW. The investment, will contribute significantly to Poland’s green energy transition, accelerate the development of the local supply chain and spur economic activity for many years to come.

Wojciech Dąbrowski, President of the Management Board of PGE Polska Grupa Energetyczna, opened an international Politico discussion on the role of offshore wind energy in achieving the European Union's climate neutrality target by 2050. The high-level debate was attended, among others, by Michał Kurtyka - the Minister of Climate and Environment and the EU Commissioner for Energy, Kadri Simson.

A new strategy until 2030 with an outlook to 2050, ordering of assets, reduction of debt by over PLN 2 billion, and preparing the PGE Group for transition – these are the main actions taken by PGE's Management Board in 2020.

Vice President of the Management Board of PGE for Regulatory Affairs Wanda Buk together with Deputy Climate Minister Adam Guibourgé-Czetwertyński took part in the international EnergyPost.eu conference devoted to the role of the EU ETS system in the European Union's climate policy until 2030. The conference's debates focused on the upcoming revision of the EU Emissions Trading System (ETS).

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.