With the passing of the first Polish offshore wind act, plans for offshore wind development in the Baltic Sea are at hand and the construction of the very first Polish offshore wind farms will soon become a reality. By 2030,...
PGE Capital Group wants to be the leader of offshore energy in Poland. Plans to deploy up to 6.5 GW of offshore wind farms capacity in the Baltic Sea are divided into two stages. By 2030, PGE will commission two...
An increased EU’s emission reduction target by 2030 is currently a hotly debated topic in Brussels. Regardless of whether the target will be 55% or 60%, reaching EU’s ambitious climate change targets requires significant investment outlays. Paweł Strączyński is PGE’s...
Maintaining base electricity production and the security of supply will be indispensable for
enabling more renewables in the grid as Europe’s electricity demand continues to grow. This
requires the pace of transition to be gradual to avoid stranding assets, which are operating today
under existing legislation and market conditions.
PGE is ready to actively contribute to EU climate ambitions by investing heavily in low-carbon power generation technologies as evidenced by our investment plans. However, we will need adequate support in the process.
The European Climate Law falls short of providing meaningful financial compensation for Member States with different starting points like Poland. This is a very unfortunate development at time when more unity and more solidarity are needed in the EU.
The EU proposes to partly finance its ambitious climate goals in less wealthy Member States through the cohesion and regional development policy. But how much of this funding can really be dedicated to the transition of the power sector in a country like Poland?