5:18 17 April 2026
PGE ramps up investment
Polska Grupa Energetyczna expects capital expenditure to rise by several dozen percent this year, driven mainly by renewables, offshore wind, and grid expansion, said CFO Przemysław Jastrzębski. Distribution spending alone should exceed PLN 5 billion.
Group capex reached PLN 11.54 billion in 2025, up 12% year-on-year. Offshore projects remain on track, with Baltica 2 foundation installation starting in Q2 and turbine deployment planned for 2027. Baltica 3 is still being optimized, with progress expected by year-end.
CEO Dariusz Lubera said an updated strategy to 2035 will be presented in September, reflecting expected reforms to the EU ETS system, which currently costs PGE around PLN 20 billion annually.
Dividend payments remain on hold due to uncertainty over coal asset liabilities.
Source: pb.pl
