Poland's Enea has announced an ambitious 10-year strategy involving $26 billion in capital expenditures to pivot away from coal, increase renewable energy production, and secure its power distribution infrastructure. The plan aims to position Enea as a leader in Poland’s energy sector while aligning with the country's transition toward cleaner energy sources.
Enea plans to boost its share of Poland’s electricity production from 10% in 2023 to 15% by 2035. The company has also committed to reducing its CO2 emissions by 66% over the same period, with a long-term goal of achieving full climate neutrality by 2050. By 2035, over 40% of Enea’s energy output is expected to come from renewable sources.
The company’s investment strategy includes:
Enea’s vice-president for finance, Marek Lelatko, stated that the investments would be funded through a mix of the company’s own resources and external financing from banks and financial institutions. The company’s 2023 capital expenditure totaled 3.7 billion zlotys, with nearly half dedicated to power distribution.
This investment follows growing pressure on Poland to reduce its reliance on fossil fuels and increase its renewable energy footprint. Enea’s plan is set to contribute significantly to the country’s transition toward cleaner energy while ensuring energy security and sustainability for future generations.
