Paolo Coghe

Paolo Coghe is president of Acousmatics.

IEEFA Europe: COVID has exposed Polish energy company’s continuing coal dependence

To turn around profits, PGE must increase the renewables ambition of its ‘Strategy 2030’

December 3, 2020 (IEEFA) — The coronavirus pandemic has exposed the costs of excessive coal dependence at Poland’s largest energy company, Polska Grupa Energetyczna (PGE), highlighting the need for more renewables and greater detail on coal power plant closures under the company’s new strategy, according to a report by the Institute for Energy Economics and […]

IEEFA Europe: Recovered waste heat a cost-effective source of clean energy

Case studies in Poland confirm RWH alternative to coal plants and reduced investment risks

June 10, 2020  (IEEFA LONDON) ‒ Captured waste heat from local industry in southern Poland can compete with fossil fuel plants to supply affordable heating for local homes through district heating networks, providing cleaner air and attractive financial returns for investors, according to an IEEFA study published today.  IEEFA found that the main barrier to […]

Odzyskane ciepło odpadowe z polskiego lokalnego przemysłu może zapewnić opłacalne źródło czystego ogrzewania, zastępując elektrociepłownie węglowe i zmniejszając ryzyka inwestycyjne

10 czerwca, IEEFA (LONDYN) − Jak wynika z opublikowanego w środę badania przeprowadzonego przez IEEFA, ciepło odpadowe odzyskane z lokalnego przemysłu na południu Polski może konkurować z zakładami zasilanymi paliwami kopalnymi, dostarczając przy pomocy lokalnych systemów ciepłowniczych przystępne w cenie ogrzewanie do lokalnych domów, zapewniając czystsze powietrze, a inwestorom atrakcyjne zyski finansowe. IEEFA doszło do […]

IEEFA report: Poland’s PGE must invest in renewables to replace declining coal profits

Window is closing for Poland’s biggest utility to make a course correction

LONDON (IEEFA) February 12  – Poland’s majority state-owned electric utility, Polska Grupa Energetyczna S.A. (PGE), one of Europe’s most coal-intensive energy companies, must invest urgently today to decarbonise its electricity generation, to replace declining profits from coal power plants through the 2020s, finds a report released today by the Institute for Energy Economics and Financial […]

IEEFA update: Poland’s PGE should ditch plans for new lignite mine

Utility’s investment in coal poses financial, environmental and social risks

October 8, 2019 (WARSAW) ‒ PGE, Poland’s biggest electric utility, one of the most coal- and carbon-intensive energy companies in Europe, risks prolonging serious, recent financial under-performance, if it endorses a forthcoming strategy that continues to support coal, gas and a new lignite mine, delaying the replacement of fossil fuels with renewables, according to a […]

IEEFA Germany: Halving RWE’s lignite output could spur low-carbon shift, avoid $100 million expense of saving aging plants

Move would cut CO2 emissions in line with government energy policy

Oct 23, 2018, LONDON (IEEFA) – In a report released today, the Institute for Energy Economics and Financial Analysis finds that German utility RWE would benefit in the medium to long term by moving now to sharply reduce its lignite mining activities and begin closing its oldest lignite-fuelled generation stations. The report, “Lignite Retreat: RWE’s […]

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 →

IEEFA report: Benefits to Engie from closing three German coal-fired power plants would outweigh any gains from selling them

Shutdown would be in line with corporate responsibility commitments, prevent rivals from gaining market share, and signal that utility giant “is part of the solution” to Germany's coal phase-out plans

Sept 4, 2018 (IEEFA) — The French multinational energy company Engie would be better off closing its three coal-fired plants in Germany than selling them, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The authors of the report see Engie best protecting its position in the German electricity […]

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 […]

IEEFA Europe: A Regulatory Blow to Spain’s Subsidized Coal-Fired Electricity Sector

Security-of-Supply Justifications Are Seen as Political Schemes to Support the Status Quo

In its rejection this week of a government proposal to prop up the nation’s oldest and most polluting coal power plants, Spain’s energy regulator has concluded that a “significant part” of the country’s coal fleet can be closed without risking national energy security. The decision, detailed in a statement by the Comisión Nacional de Mercados […]