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IEEFA report: Poland’s biggest utility is risking financial instability by doubling down on coal-fired generation

IEEFA report: Poland’s biggest utility is risking financial instability by doubling down on coal-fired generation

New EU emissions regulations raise compliance issues at PGE; Outdated business model may cost billions; ‘An accelerated deployment of renewables’ makes more sense

June 13, 2018 (IEEFA) – New air pollution regulations coupled with rising carbon prices put Poland’s biggest utility, PGE, at serious risk of financial disarray if it continues to pursue a coal-heavy upgrade strategy, concludes a report published today by the Institute for Energy Economics and Financial Analysis. A strategic shift toward a renewable energy-based […]

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IEEFA Europe: PGE’s pro-coal strategy in Poland under fire

EU decision to end capacity payments is a blow to utility’s plans

LONDON—The coal-heavy strategy at Poland’s biggest utility, PGE, was hit this week by a provisional European Union agreement to end coal power capacity payments from 2025, adding to the utility’s existing woes from rising carbon prices. Across Europe, utilities have rushed for the coal exit door, driven by increasingly favourable economics for renewables and smart […]

December 21, 2018 Read More →

EU agrees to end coal subsidies by 2025, but gives Poland a break

EURACTIV: European Union legislators reached agreement in the early hours of Wednesday (19 December) over a proposed reform of electricity market rules that includes a 2025 cut-off date for coal subsidies, and a special clause for Poland. “Today’s message is clear: this is the last call for coal,” said Florent Marcellesi, a Green lawmaker from […]

December 20, 2018 Read More →

Raport IEEFA: Polski projekt „czystego węgla” narażony na wysokie koszty i kłopoty eksploatacyjne

Założenia dotyczące planowanej elektrowni w technologii zgazowania węgla w Łęcznej są „nierealistyczne” i mogą skończyć się wyższymi kosztami energii oraz wyższymi emisjami CO2.

Planowana elektrownia w technologii zgazowania węgla (ang. integrated gasification combined cycle, IGCC) w Łęcznej będzie droga w budowie, a jeżeli powstanie grożą jej poważne kłopoty eksploatacyjne. To konkluzje z opublikowanego dzisiaj raportu amerykańskiej organizacji IEEFA. Ekonomiści oparli swoje wnioski na doświadczeniach podobnych elektrowni funkcjonujących w USA. Raport „Projekt IGCC w Łęcznej: spodziewane wysokie koszty i […]

September 25, 2018 Read More →

IEEFA report: Polish ‘clean coal’ project risks high construction and operating costs and unreliable performance

ENEA’s projections for Łęczna IGCC are ‘unrealistic’ and would result in higher-priced electricity and emissions than acknowledged

Sept. 26, 2018 (IEEFA) — A proposed gasified-coal-fired power project at Łęczna in Poland risks high build costs and unreliable operation, given real-world experience of similar technology in the United States, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report—“Łęczna IGCC Project: High Costs and Unreliable Operations Can […]

September 25, 2018 Read More →
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IEEFA Europe: Poland’s PGE would do well to accelerate plans to diversify away from coal

Rising risk in adhering to a traditional power generation business model

LONDON — Poland’s biggest utility, PGE, should accelerate its plans to diversify away from coal, as surging carbon prices underscore risks gathering around its present PLN 21 billion ($5.6 billion) coal power investment programme. To date, PGE has deferred such plans, avoiding, for example, moving into offshore wind until the mid- to late-2020s, and only after […]

and September 6, 2018 Read More →

Coal-heavy Poland looks to expand offshore wind capacity

Deutsche Welle: Europe’s fourth-biggest greenhouse gas polluter has given a boost to offshore wind power plans in the Baltic Sea. After its pro-coal rhetoric tarnished the Polish government’s good name, Warsaw is looking to green up. There are about 4,000 offshore wind turbines in EU waters, most in the North Sea, producing 72 percent of […]

September 5, 2018 Read More →

Poland’s coal-related mercury emissions revised upward, significantly

MetaMag: Polish coal-fired power plants may be cheating the European Union when reporting their toxic mercury emissions, Gazeta Wyborcza reports. As a result, a huge year-on-year increase in emissions from Europe’s biggest coal plant may be even higher than first thought. Last month META broke the story that mercury emission from Polish coal had jumped […]

July 26, 2018 Read More →

Polish parliament moves to spur renewable energy development

EURACTIV: Poland’s upper house of parliament approved an amendment to the country’s renewable energy law on Friday (29 June) meant to remove obstacles to green energy investment and help Warsaw meet EU targets. Poland’s conservative Law and Justice (PiS) party won the 2015 election partly with promises to sustain the traditional coal industry. In 2016, […]

July 3, 2018 Read More →

IEEFA Europe: As risks mount, Poland’s PGE struggles to break from its fossil fuel past

Utility company’s actions contradict its stated intent to change

The extreme case of Poland’s largest utility, PGE, shows how Europe’s more coal-intensive power companies are struggling to turn away from fossil fuels. Headwinds facing fossil fuel electricity generation in Europe include the global transition toward low-carbon energy sources, pressure on investors to align their investments accordingly, and environmental advocacy opposing bank financing of coal […]

June 14, 2018 Read More →
IEEFA report: Poland’s biggest utility is risking financial instability by doubling down on coal-fired generation

IEEFA report: Poland’s biggest utility is risking financial instability by doubling down on coal-fired generation

New EU emissions regulations raise compliance issues at PGE; Outdated business model may cost billions; ‘An accelerated deployment of renewables’ makes more sense

June 13, 2018 (IEEFA) – New air pollution regulations coupled with rising carbon prices put Poland’s biggest utility, PGE, at serious risk of financial disarray if it continues to pursue a coal-heavy upgrade strategy, concludes a report published today by the Institute for Energy Economics and Financial Analysis. A strategic shift toward a renewable energy-based […]