Enea invests PLN 1 bln annually, waits for renewables law

According to an ISBnews brief, Enea Operator plans on investing PLN 1 billion per year in order to connect new households, refurbish existing network connections and build new networks. The company boasts 25,000 new clients every year. At the same time, Enea Operator president Michał Jarczyński claims that the company is not planning any expansion abroad and will focus on the local Polish market. Investments are financial secure thanks to, among others, a recently prolonged issuance of shares that is worth PLN 1.425 billion. The entire Enea group, which also includes power generation and energy trade companies, brought in PLN 10.3 billion in revenue. The company is eager to invest in renewable energy, but the lack of clear cut regulations is a hinderance to the process. A few approved renewable energy projects are waiting in the ranks to be resuscitated.