Sustainability risks and opportunities
Selected sustainability opportunities of the Enea Group:
- increased demand for electricity,
- possibility to enter the regulated heating market thanks to construction of cogeneration units (taking into account the development of small polygeneration technologies with the use of clean coal technologies),
- development of energy storage projects,
- possibility to enter the market of local balancing areas and energy microclusters or similar solutions in urban areas (energy cooperatives, virtual prosumer), based on the experiences in grid management,
- possibility to build a competitive advantage based on introduction of innovative solutions in power generation, including by achieving the position of a leader of change,
- development of smart power grids,
- development of communication and ICT technologies,
- development of e-mobility,
- possibility to spin-off hard coal-fired generating assets.
Selected sustainability risks:
- destabilisation of the power system due to high demand for electricity, with simultaneous weather conditions that have an adverse impact on the level of RES energy generation (wind energy, PV),
- gradual reduction of industry energy intensity and increasing deep energy retrofit trend,
- loss of Customers and decrease in overall volume of energy sales to end Customers,
- regulatory instability resulting in additional investment risk,
- increased environmental restrictions for the operation of energy companies, arising from the EU regulations,
- increasing EU preferences for RES development over conventional generating sources,
- rising costs of labour, materials, power equipment,
- rising prices of CO2 emission allowances,
- persisting ongoing imports of electricity to Poland (development of cross-border connections),
- persisting ongoing import of steam coal to Poland (coal supply from Polish deposits unbalanced with domestic demand).
Our Development Strategy was prepared, among others, in response to these opportunities and risks. At present, the primary sources of risks related to the social, environmental and corporate governance aspects are the climate change and geopolitical situation. The climate change, as well as the energy transition aimed at slowing down its pace, might create both new opportunities and threats to the Enea Group’s operations, which is why we continually analyse possible future scenarios. If the goals and solutions included in the applicable strategy prove insufficient in view of the issues occurring in the enterprise’s environment, the Group will consider revising the Strategy.