“In building and developing the RES segment, we are most interested in wind power and photovoltaic projects. These technologies offer the greatest investment potential. Considering our investment capabilities, the most attractive projects for us are those already existing or at a very advanced stage of development. There is enough of such projects on the market,” stated Arkadiusz Sekscinski, Vice President of the PGNiG Management Board, Development. “At the same time we also intend to build our own development competencies in this area by developing, for instance, photovoltaic projects on the sites and areas owned by the PGNiG Group”.
PGNiG believes that RES will help stabilise its financial performance. RES are not sensitive to movements in hydrocarbon prices, which have a strong effect on segments of PGNiG Group’s business such as exploration and production, and trade and storage.
PGNiG is already performing investment simulations and will seek to establish cooperation with potential partners. First decisions regarding investment in RES may even be made before the strategy is updated.
