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New EU emissions regulations raise compliance issues at PGE; Outdated business model may cost billions; ‘An accelerated deployment of renewables’ makes more sense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New EU emissions regulations raise compliance issues at PGE; Outdated business model may cost billions; ‘An accelerated deployment of renewables’ makes more sense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

Poland’s Coal-Heavy PGE Looks To Build Baltic Sea Wind Farms

Reuters: WARSAW—Poland’s biggest power company. PGE. expects its Baltic Sea wind farms to achieve ready-to-build status in 2021, Chief Executive Henryk Baranowski said on Wednesday. Offshore wind farms and nuclear power station were two strategic options announced in 2016 by state-run PGE, which generates most of its electricity from lignite coal. “We have an optimistic […]

May 17, 2018 Read More →

In Poland, the Coal-Fired Heart of Europe, a Shift Toward Wind

Bloomberg News: After decades of prompting coal as the guarantor of national energy security, Europe’s fourth-biggest greenhouse-gas polluter is shifting to embrace wind power. PGE SA, which is Poland’s largest utility, wants to turn to turbines to harness the breezes in the Baltic Sea and eventually supply 2.5 gigawatts from the technology by 2030. It […]

March 22, 2018 Read More →

State-Run Utility in Poland Sees $134 Million in Coal Retrofits

Reuters: Poland’s state-run utility Enea will need to spend up to 500 million zlotys ($134.22 million) to make all of its power stations compliant with the European Union’s latest air quality requirements, Enea’s chief executive said on Thursday. * “The costs of adjusting for the whole group should not exceed 500 million zlotys,” CEO Miroslaw […]

May 25, 2017 Read More →

Even in Poland, Coal Is in Trouble

Kathiann M. Kowalski for Midwest Energy News: As it is in Ohio and elsewhere in the United States, the coal industry in Poland is declining amid economic and environmental pressures. And the industry’s political and cultural importance is prompting calls for government action to save it. However, experts in industry and environmental groups say that […]

July 12, 2016 Read More →

Poland, in Hopes of Propping Up Coal Industry, Moves to Curb Booming Wind Industry

Maciej Martewicz, Marek Strzelecki and Konrad Krasuski for Bloomberg News: Poland’s parliament approved a bill that introduces extra requirements for building wind parks as the country aims to curb the booming industry in a bid to help prop up its loss-making coal industry. The governing Law & Justice party bill forces new turbines to be […]

May 26, 2016 Read More →

Bloomberg: In Poland, ‘Wind Farms Now Come With the Threat of Jail’

Jessica Shankleman for Bloomberg News: One of Europe’s most promising markets for renewable energy is being threatened by legislation that would impose new fees and potential jail terms for operators of wind farms, an industry lobby group said. Poland’s governing Law and Justice Party is proposing laws that would require new turbines to be situated […]

March 3, 2016 Read More →

Poland’s Government Resists a Clean-Energy Transition

Konrad Krasuski for Bloomberg News: The government’s position is unapologetic: While backing coal, it also seeks to reduce subsidies for renewable energy, which needs to “stand on its own feet,” Piotr Naimski, Szydlo’s leading energy security adviser, said last week. The governing Law & Justice party also introduced a bill to parliament that would require […]

February 23, 2016 Read More →

‘Coal in Poland Lowering Life Spans’

From Beth Gardner in today’s New York Times: Poland has the highest levels in Europe of the tiny pollution particles that are strongly linked to serious health problems like heart attacks, strokes, cancer and even dementia, said Martin Adams, an air quality expert at the European Environment Agency. Poland is home to six of Europe’s […]

June 8, 2015 Read More →