ESG Report of the Enea Capital Group for 2023

Development of renewable energy sources

The Management Board of Enea decided to launch an ENEA Group RES portfolio (RES portfolio) with the aim of operationalisation of the ENEA Group Development Strategy until 2030 with an outlook to 2040 with regard to the renewable energy sources.

The RES portfolio comprises the following projects:

  • PV scheme focuses on the development of photovoltaic farms in the Enea Group. Its objective is to increase the generation capacity of such technologies. The Group plans to increase the capacity through the development of own projects, acquisition of projects at various stages of advancement (e.g. through contracts with project developers) and their further development, and finished projects, also in joint ventures.
  • Wind farm scheme focuses on the development of onshore wind farms with the objective to increase Enea Group’s generation capacity of such technologies. Capacity is set to be increased mainly through acquisitions of finished projects, and should the so-called 10h rule change, also through development of own projects and acquisition of projects at various stages of advancement (e.g. contracts with project developers) and their further development, also in joint ventures.
  • Offshore schemes involve the development of offshore wind farms with the objective to increase Enea Group’s generation capacity of such technologies. The capacity is set to increase through Enea’s collaboration with Polska Grupa Energetyczna.
  • Other RES technologies set to increase the capacity of other technologies (biogas plants etc.) and projects supporting the development of RES in the Enea Group, such as:
    • biogas plants – capacity is set to increase mainly through acquisitions of finished projects, also in joint ventures,
    • energy storage – Enea Group’s future capacity mix should be stabilised with short- and long-term energy storage; it requires the Enea Group’s active involvement in acquisition of energy storage facilities, both those at the design stage and those already operating; it also assumes to use primarily battery-powered energy storage and to test other, business-attractive storage technologies,
    • hydrogen technologies – marketing new products and services to use hydrogen for energy, including: electrolysis using energy from renewable sources, storage and transport of compressed hydrogen, generating electricity in fuel cells, hydrogen pumps, hydrogen-powered buses, trucks and passenger cars, hydrogen-powered engines/generators,
    • distributed generation – marketing new products and services intended for local communities, i.e. initiatives in the same area or using the same infrastructure (e.g. district, residential estate, campus, technological or industrial park) to implement and ensure operation of projects that help balance local demand for energy, its distribution and trading, including generation; the aim of the project is to foster collaboration and effective use of local renewable energy resources,
    • electromobility – we are implementing a pilot project involving the construction of charging stations of very high power, cooperating with photovoltaic installations and we are analysing the attractiveness of other activities in the field of electromobility.

The RES portfolio enables effective management of the collaboration between the Group’s companies, budgets, scopes and schedules, aggregating RES schemes and projects dispersed across the Group. Portfolio structures help the Enea Group coordinate the development of RES, effectively and precisely identifying dependencies and correctly evaluating progress of the initiatives, projects and schemes included in the Portfolio. With portfolio management, the rate of progress in implementing Development Strategy of the ENEA Group with regard to renewable energy sources can be effectively monitored.

Major RES actions in 2023

In consideration of the carbon-neutral agenda, we take a wide range of measures to reduce the emissions of greenhouse gases and increase RES’s share in the energy mix, such as:
  • construction of offshore wind farm – Enea holds 33.81 percent of shares in Elektrownia Wiatrowa Baltica 5 sp. z o.o. In August 2023, the company obtained a permit from the Minister of Infrastructure to construct and operate artificial islands in area 60.E.4 on the Baltic Sea, where construction of an offshore wind farm is being considered.
  • development of Enea’s own projects, with by special-purpose vehicles and in Enea Nowa Energia. The special-purpose vehicles are set to develop their own greenfield projects. Most of them have the perspective of energyization in the years 2025-2030, the vast majority of them are photovoltaic farms, but wind farms are also planned.The Group acquired four companies: FW Bejsce, PV Tykocin, PV PRO-WIND and PV Genowefa.
  • projects carried out by Enea Połaniec Power Plant, units 2 to 7. Changes associated with co-firing coal and biomass. Some of the projects are being designed, some are already being developed.
  • Enea Ciepło in Białystok getting ready to construct a biomass-fired power unit.
  • renewable energy clusters – in 2023, the Group considered various forms of collaboration in clusters and discussed were held concerning the development of local RES. Enea Group’s companies collaborated with eight energy clusters:
    • Leszno Energy Cluster New energy for Leszno,
    • Zielona Góra Energy Cluster,
    • Środa Wielkopolska Energy Cluster,
    • Nadobrzański Renewable Energy Cluster,
    • Świętokrzyski Energy Cluster in Staszów,
    • Łęczna Energy Cluster,
    • Lublin Hydrogen Cluster,
    • Lublin Circular Economy Cluster.
  • investment projects of Enea Operator: construction of ten new transformer stations (GPZ), which enhance and stabilise the operation of the grid, thus reducing the number of refusals to connect new RES to the grid.
  • continued collaboration with the Poznan Supercomputing and Networking Centre with the objective to create a local energy balancing system and the use of artificial intelligence in the analysis of measurement data from remote reading meters.
  • supporting hydrogen valley initiatives and academic research: Enea Nowa Energia in Wielkopolska Hydrogen Valley, Enea and Enea Operator in Zachodniopomorska Hydrogen Valley and Enea Elektrownia Połaniec in Central Hydrogen Valley.

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