October 20, 2020 Read More →

Solar power now considerably cheaper than coal, gas in Poland

PV Tech:

Poland’s largest utility plans to develop 3GW of solar PV over the next ten years as it looks to ramp up decarbonisation efforts and become carbon neutral by 2050.

State-owned Polska Grupa Energetyczna (PGE), which currently generates most of its electricity from coal and lignite, has allocated more than PLN75 million (US$19.3 billion) to support its energy transition as it eventually aims to transition to 100% renewables by 2050.

The company will build 2.5GW of new capacity offshore wind and at least 1GW of additional onshore wind by 2030. To help ensure the grid integration of new renewables, some 800MW of storage facilities will also be developed in Poland.

The step change from the company follows publication of an Institute for Energy Economics and Financial Analysis report earlier this year that called on the utility to “invest more urgently” in low-carbon alternatives to avoid a collapse in cash generation and profitability in the coming decade. 

[Jules Scully]

More: Polish coal giant PGE to develop 3GW of solar as part of renewables push

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