PGE Group gives up coal

PGE is a giant of the Polish energy sector, whose portfolio is currently 80 percent based on hard coal and lignite. The group has just announced that it intends to gradually abandon it in favor of renewable energy sources. By 2030, the share of RES in its portfolio is expected to amount to 50%, mainly thanks to investments in wind farms in the Baltic Sea and photovoltaics. At the same time, it will also invest in the gradual decarbonisation of heating and the development of energy storage.