Tangible commitment by PGE to invest in renewable sources of energy will help to decarbonise the energy sector in
PGE Polska Grupa Energetyczna has entered into a credit agreement with the
The credit provided by the EIB is one of the elements helping to secure new sources of financing for the green capital expenditure programme to be pursued by the
During the credit negotiation process PGE presented its plans for changes in the energy mix, emphasising its commitment to actions aimed at energy transition and planned investments in zero-emission energy sources. The EIB will maintain an active dialogue with PGE on its corporate decarbonisation plan and seek ways of further supporting it.
"Our annual generation of electricity from wind has increased from 0.1 TWh in 2011 to over 1 TWh, and we are not finished yet. With support from the EIB, we are close to completing our investment projects related to new onshore wind capacity. Our ambition is to reach a 25% share in this country's generation of power from renewable energy sources in 2030. We want to achieve this objective thanks to, among other things, the implementation of successive green investment projects. Our first 1 GW wind farm on the Baltic coast is to be completed by 2026, and our offshore project is to provide further capacity of 1.5 GW by 2030. That year is also the planned deadline for making available up to 2.5 GW from photovoltaics” – said
Capital expenditures on the construction of the Klaster wind farm complex are estimated at PLN 545m (approx.
“The green investment projects in our portfolio contribute to
At the time of its execution, the agreement between PGE and the EIB was the first energy project approved after the adoption of the Bank's new energy lending policy.
The project will contribute to the diversification of the energy mix in
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