Ostrołęka C - the €1.2bn elephant in the room at COP24

Polish energy companies ENEA and Energa are pushing ahead with plans to construct a  controversial new €1.2bn, 1 GW coal power plant predicted to be a “financial and economic disaster” – just as Poland hosts the global climate conference.

Why?

References (in order of appearance):

WysokieNapiecie.pl, Wiatraki zawstydziły węgiel - dostarczą prąd o połowę taniej, 23 November 2018

Polish Wind Energy Association, Ścieżki dekarbonizacji: Model miksu elektroenergetycznego do roku 2035 wraz z analizą potencjalnych problemów bilansowania KSE z generacją wiatrową, January 2018, pp 7-8

Jan Popczyk and Krzysztof Bodzek, The risk analysis related to the Ostrołęka C Power Plant development, p 45

Synergia, Letter to Minister Krzysztof Tchórzewski, 20 September 2018

Karolina Baca-Pogorzelska (for Dzienna Gazeta Prawnik), Znów zasypie nas węgiel z Rosji. Padnie rekord importu surowca?, 9 April 2018

Europe Beyond Coal, Last Gasp: The coal companies making Europe sick, November 2018, p 26

Ministry of Energy, Polityka Energetyczna Polski Do 2040 Roku (PEP2040), 23 November 2018, p15

Carbon Tracker, Ostroleka C – Burning through more money than coal, 29 August 2018

Bloomberg, Giant Pension Fund Says Polish Coal Power Plan Doesn’t Stack Up, 18 October 2018 (Bloomberg Terminal)

CIRE.PL, Myślecki: budowa bloku 1000 MW w Ostrołęce nieuzasadniona i nieopłacalna, 28 January 2018

Maciej Martewicz, Polluting Giant Turns to Green Energy to Escape EU Carbon Risk, 11 October 2018

Ewa Krukowska and Maciej Martewicz, One of Europe’s Biggest Polluters Is Turning Toward Wind Power, 21 March 2018

Fitch Ratings, Fitch Affirms ENEA at 'BBB'; Outlook Stable, 1 October 2018

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Published December 12, 2018
Found in ClimateCompany and FinancialCompany ReportingFossil FuelsRenewable Energy