New ENEA Group development strategy – introduction

Striving to be ready for the challenges faced by Polish power sector companies at present, in 2021 we worked on updating our strategy so that it fully corresponded to the new external conditions and enabled a reliable and effective transition of the organization.

Announced in December 2021, the ENEA Group Development Strategy until 2030 with an outlook to 2040 is well aligned with Poland’s energy transition goals.  

The primary objective of the document is the Green Change, understood as a sustainable transition of the Group leading to an increase in its value, while pursuing a long-term goal of achieving climate neutrality by 2050. More information on the strategy is provided on pages 17-18 of the Management Board Report on the Activity of ENEA S.A. and the ENEA Group in 2021. 

We intend to achieve climate neutrality by developing renewable energy sources. The increase in the installed RES capacity will be achieved through acquisitions, the development of own projects and in collaboration with business partners. At the same time, we took action to spin off assets related to electricity generation in conventional coal- and lignite-fired units from the Group structure to the National Energy Security Agency (NABE), while retaining Lubelski Węgiel Bogdanka S.A. in the organization’s structure.* Nevertheless, in the initial phase of its efforts aimed at reaching climate neutrality, we intend to use gas as a low-carbon transition fuel in order to maintain energy security. Investments in this area will be confined to the replacement of some generation capacities (approx. 1.9 GW) based on the existing infrastructure. Conventional low-carbon sources will stabilize the developing RES capacity.

* Pursuant to the agreement signed in July 2021 by the largest energy companies with the State Treasury. The whole process is described in the government’s draft titled Transformation of the power sector in Poland. Spin-off of coal assets from companies with a State Treasury shareholding, adopted on 17 February 2022 by the Standing Committee of the Council of Ministers.