Solar PV finds big mention among renewable energy addition plans of PGE under its climate neutral goal, as the Polish state firm announces transformation plan to go 100% renewables by 2050. (Source: PGE Polska Grupa Energetyczna SA)
- PGE has announced its plans to go climate neutral by 2050 and provide 100% renewable energy to its customers
- It includes plans to add 3 GW of new capacity, 2.5 GW offshore wind and addition of 1 GW onshore wind power
- Coal assets will be converted to gas in district heating, under plans to report 50% renewable energy capacity by 2030
- Acquisition of renewable energy assets will also be explored along with distributed generation installations to achieve the aim
Polska Grupa Energetyczna (PGE) will be building an additional 3 GW solar PV capacity by the year 2030 under its plans to go climate neutral by 2050 to provide 100% green energy to its customers, the Polish state owned electricity utility announced as part of its transformation plan and decarbonization path. The interim target is to report 50% renewable energy capacity by 2030.
Along with solar PV, it will also build 2.5 GW new offshore wind farm portfolio and at least 1 GW of additional onshore wind power capacity. It will ensure energy storage capacity of a minimum of 800 MW for such large scale projects to ensure safe and flexible operation of power system.
The plans also involve conversion of its coal assets to gas in district heating. The management said its core business will now be centered on energy generation based on renewable sources, low- and zero-carbon district heating, reliable network infrastructure and modern energy services.
At present, more than 80% of PGE’s generation portfolio comprises hard coal and lignite and the transformation plan is an effort of the company to move towards a low and zero-carbon generation portfolio. To this end, it plans to invest more than PLN 75 billion ($19 billion).
Along with building new renewable energy projects, PGE said it will also explore acquisition opportunities for further renewable projects. “We know that the energy transition is a multidimensional process, therefore the construction of the RES market share, apart from large-scale investments, will be strengthened by long-term cooperation with our Customers,” said Wojciech Dąbrowski, President of the Management Board of PGE. Adding, “We recognize their desire to be independent and active market participants. Therefore, using our competence and experience, we will meet their needs: we will implement offers based on long-term cooperation, providing them with access to green energy, create favorable conditions for power generation in microinstallations and provide reliable distribution services enabling the development of distributed energy and energy storage facilities.”
Pointing at the fact that Poland is the ‘only EU state’ that refuses to pledge climate neutrality by 2050 finding the time too little to achieve the same, Reuters said post the climate neutrality pledge by PGE, its shares were up by 6.3% a sign of investors welcoming the transformation plans. However Greenpeace wasn’t too happy with the generator’s plans to separate its carbon assets calling it ‘just a transfer of dirty assets from one pocket to another’.
By August 1, 2020, Poland’s cumulative installed solar PV capacity reached over 2.26 GW, as per the national grid operator PSE (see Poland Crosses 2.26 GW Cumulative PV Capacity).