KGHM to build photovoltanic farms

Poland's largest copper miner KGHM Polska Miedź is planning to spend PLN 1.5 billion on renewables, including construction of photovoltanic power stations, Adam Witek, the firm's subsidiary KGHM Energetyka CEO told Parkiet daily. "We would like to have 30 percent of the total electric energy from rewnewables within five years," Witek said and added that it will translate to around 300 MW. Estimated cost of producing 1MW is PLN 5 million, therefore the total value of the investment is to reach PLN 1.5 billion. Witek informed that the firm is going to construct its own photovoltanic farms and it has already launched a scheme of building 40 MW wind farm. KGHM consumes 2.5 TWh electric energy annually.