Integrated Report 2019 | PGE Capital Group

Letter of the Vice-President of the Management Board of PGE Polska Grupa Energetyczna S.A.

Dear All,

We are entering the next year marked by energy transformation. In 2019, we took a number of initiatives and decisions that will not only reduce the emission profile of the Group over the next few years, but also ensure the stability of electricity and heat supplies to Polish homes and businesses.

We follow the direction of transformation of the PGE Group primarily through investments in renewable energy sources. After winning a RES auction, we started building an onshore wind farm with almost 100 MW installed capacity. Therefore, in 2020 we will increase the total wind power of the PGE Group by 18 percent, up to 647 MW. We are consistently implementing the project to develop offshore wind farms. The plans of the Group are to reach 1 GW in 2026 and 2.5 GW by 2030.

The next milestones of the investment process allow us to look at the progress of this project with optimism. We also started implementing an ambitious solar power plants’ construction plan – our goal is photovoltaic installations with a total capacity of 2.5 GW by 2030 implemented on the land owned by the companies of the PGE Group and the land of our business partners. In 2019, we also made an important investment decision regarding the construction of new gas capacities at the Dolna Odra Power Plant.

Two gas-steam units totaling 1 400 MW capacity will ensure the continuity of supply and will provide balancing support for renewable sources.

Ryszard Wasiłek
Vice-President of the Management Board for Operations PGE Polska Grupa Energetyczna S.A.

Last year, we put into operation new conventional units in Opole, and we are ahead of the completion of the investment in Turów. Thanks to high generation parameters and substantially lower emissivity compared to older units, the new conventional units operating in baseload will replace less efficient coal units in the power system. The units will also ensure the continuity of supply and guarantee the energy security of the country. On the basis of modern conventional generation, we will be able to seriously develop renewable energy and effectively change the energy mix in a low-carbon direction.

 

 

Ryszard Wasiłek

Vice-President of the Management Board for Operations
PGE Polska Grupa Energetyczna S.A.

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