• Results of the PGE Group after three quarters of 2019 as expected

    12.11.2019

    • After three quarters of 2019 PGE has reached EBITDA results at PLN 6.1 billion, which is 18 percent more than in the corresponding period of the previous year.
    • In the reporting period, PGE had a net profit of PLN 2.2 billion, which is 29 percent more than in the same period of the last year.
    • The operating cash flow after three quarters of 2019 amounted to PLN 4.8 billion, which is 79 percent more than in the same period of the previous year.
    • In 9 months of 2019, the Group produced 43.4 TWh of electricity and sold 32.5 PJ of heat.
    • PGE noted a growth of 23 percent in the production of energy from wind due to favourable weather conditions.
    • Capital expenditures in the reporting period increased by 19 percent, Y-to-Y, to PLN 4.5 billion. The flagship investment project of the Group has been completed, i.e. the construction of units 5 and 6 of Opole Power Plant and at the end of the third quarter the work at the construction of unit No. 7 in Turów has reached 93 percent of completeness. Also work at the construction of three new wind farms under the name Klaster of the total power of more than 97 MW continues. The project, the completion of which is planned for the 1st quarter of 2020, will increase the installed capacity of PGE's wind farms by 18 percent to nearly 650 MW and thus will strengthen the Group's position as the leader on the renewable energy market.
    • PGE wants to be the leader of Poland’s energy transition. The Group actively develops projects such as a photovoltaic farms construction programme and the partners whose land will be used for the project already include Grupa Azoty and Siarkopol, KGHM Polska Miedź and PKP Polskie Koleje Państwowe. PGE Group also continues activities related to obtaining a strategic partner for an offshore project. On 22 October it was decided to invite Ørsted, the world leader in this technology, to the next stage, i.e. the negotiations of transaction documents.
    • The Group develops its area of electromobility. In the 3rd quarter, the Group has signed an agreement with the Industrial Development Agency under a project related to the production of electric buses as well as with Polska Grupa Zbrojeniowa (the Polish Armaments Group), Autosan and also with Tauron and Enea, regarding a fleet of specialised electric vehicles for the energy sector. In the reporting period, PGE has also signed a letter of intent for the construction of vehicle charging stations at branch offices of the Social Security Office (ZUS - Zakład Ubezpieczeń Społecznych).
  • Results of the PGE Group in the first half of 2019 were in line with the expectations

    24.09.2019

    • In the first half of 2019, PGE achieved EBITDA at the level of PLN 4.4 billion, i.e. by 19% larger than in the same period last year.
    • In the first half of the year, PGE generated a net profit of PLN 1.8 billion, namely 36% higher than in the same period last year.
    • In the first half of 2019, the Group produced 29.5 TWh of electricity and sold 28.5 PJ of heat.
    • PGE achieved a 28% increase in wind energy production due to favourable weather conditions.
    • Expenditures on investments in the reporting period increased by 13% y/y, up to PLN 2.5 billion. The flagship investment of the Group is being finalized, i.e. the construction of units 5 and 6 at Opole Power Plant, works are underway on the construction of unit No. 7 in Turów, as well as on the construction of three new wind farms under the name Klaster, with a total capacity of over 97 MW. The project, the completion off which is planned for the first quarter of 2020, will increase the installed capacity of PGE wind farms by 18%, up to nearly 650 MW, strengthening the Group as a market leader in renewable energy.
    • PGE wants to be the leader of energy transformation in Poland. It actively develops, among others, a photovoltaic farm construction program, where Azoty Group and "Siarkopol", KGHM Polska Miedź and PKP Polskie Koleje Państwowe (Polish State Railways) are already among the partners of this project. The company plans the first significant increase in solar capacity in 2021. 
  • PGE and PKN ORLEN join forces to develop offshore wind energy in Poland

    05.09.2019

    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`s charging stations will be supplied fully with electricity from renewable energy sources

    04.09.2019

    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.

  • PGE is planning the construction of photovoltaic power plants on the land of PKP

    04.09.2019

    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.

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