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Polish companies are aware of global trends in the development of renewable energy and are not going to be left behind. To this end, during the Economic Forum in Krynica, the PGE Group and the ORLEN Group signed a letter of intent on cooperation in the development of offshore wind energy. The Polish champions intend to jointly support the development of offshore wind energy, bearing in mind the positive impact of the development of this technology on the Polish economy, including maximizing the share of Polish suppliers and contractors.

PGE Nowa Energia will be the first operator of electrical cars charging stations in Poland who will ensure a fully eco-friendly power supply for their customers. This is guaranteed by a contract signed with PGE Energia Odnawialna under which electricity in the stations belonging to the PGE Capital Group will originate completely from renewable sources.

The PGE Capital Group signed a letter of intent with Polskie Koleje Państwowe on the cooperation in the implementation of photovoltaic projects. The projects will be implemented on the land belonging to Polskie Koleje Państwowe, who with about 100 thousand hectares is one of the largest property owners in Poland.

The PGE Capital Group and KGHM Polska Miedź signed a letter of intent during the Economic Forum in Krynica, regarding cooperation in the implementation of photovoltaic projects.

• PGE generated PLN 9.6 billion in revenue from sales in the first quarter of 2019, up by 34% from the same period last year.

• The Group produced 15.6 TWh of electricity and sold 20.9 PJ of heat in Q1 2019.

• PGE’s wind output increased by 45% due to weather conditions.

• In this year’s first quarter, PGE posted solid EBITDA of PLN 1.9 billion and PLN 0.6 billion in net profit.

• Investment expenditures in the reporting period grew by 18% y/y to PLN 1 billion. The Group’s flagship investment, i.e. construction of units 5 and 6 at the Opole power plant, is being finalised.

• PGE is aiming to be the leader of Poland’s energy transformation. The Group’s key development projects targeting a reduction in emissions include investments in new gas-based units, offshore and onshore wind farms, photovoltaics, energy storage and electromobility.