Just three years back you introduced Enea’s strategy, and now you are announcing an updated version. What prompted this change?

The social, political, and economic circumstances have evolved considerably in the last three years, and as a responsible energy company, we recognize the need to adapt our strategy to address these changes. The dynamic circumstances of today’s world, including growing concerns about climate change and the increasing emphasis on renewable energy, interact with our business activities and urgently require our response. Additionally, many of the targets that ENEA Group had set for 2025 have already been reached, necessitating a review and update of our strategic goals. Our key assumption is the economically rational transformation of ENEA Group’s assets into a modern energy producer that builds lasting relationships with customers based on respecting the natural environment and common values.

What are the key elements you have considered in the new strategy that will support the company through this energy transition?

One of the key elements we have considered in the new strategy is the question of climate protection, which is a significant issue at the European level. As a responsible energy company, we are determined to support the execution of the European Union’s goals related to climate change and environmental sustainability. We envisage a sustainable expansion of generation capacities and a responsible change in the energy generation mix. By 2030, our goal is for 41% of the Group’s electricity generation to come from gas and renewable energy sources (RES), and we aim to raise this rate to 60% by 2035. This shift towards a more sustainable and diversified energy generation portfolio is a key element of our strategy to support the company through the energy transition.

Can you expand on your objectives related to renewable energy and what investments you have planned?

Our objectives related to renewable energy are aligned with our commitment to environmental sustainability and the transition towards a low-carbon energy system. We plan to invest in and develop projects related to photovoltaics (PV), biomass, biogas, and wind farms, which are considered as key renewable energy sources. We believe that responsibly undertaken diversification of the Group’s generation portfolio will bring about measurable environmental results. Specifically, our goal is to achieve a 30% reduction in unit CO2 emissions by 2030, with a target of 550 kg CO2 /MWh. By 2035, we aim to further reduce this rate to 434 kg CO2 /MWh, demonstrating our commitment to renewable energy and environmental sustainability.

What do you have in mind more specifically when it comes to making use of new technologies?

Our goal is to foster innovation in all areas of the Group’s activities, from operations to products and services, as we believe that embracing new technologies will be critical in driving our growth and success in the changing energy landscape. We estimate that by 2030, the value of our new business lines, which will be developed through the use of advanced technologies, will total PLN 360 million, constituting 7-12% of the Group’s EBITDA. We plan to leverage new technologies to transform into a multi-service company that offers integrated product and service lines to our customers. For example, we aim to be active in the sales of energy service system operators, such as micro-networks, and develop micro- and macro-clusters related to energy, e-mobility, and prosumers, utilizing new technologies to create innovative solutions for our customers.

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