Brief: Polenergia Assumes EBITDA Increase To About 1.6 Bln Zlotys In 2030-strategy

Polenergia SA

26/03/2025 06:47

March 26 (Reuters) - Polenergia SA PEPP.WA:

SAID ON TUESDAY IT HAS ADOPTED STRATEGY FOR 2025-2030

UNDER STRATEGY COMPANY ASSUMES INCREASE IN GENERATING CAPACITY FOR THE GROUP TO 1.5 GW IN 2030 FROM 0.6 GW CURRENTLY

COMPANY ASSUMES EBITDA INCREASE TO ABOUT 1.6 BILLION ZLOTYS IN 2030

COMPANY ASSUMES INCURRING CAPITAL EXPENDITURES OF ABOUT 4.6 BILLION ZLOTYS, MAINLY FOR INVESTMENTS RELATED TO THE DEVELOPMENT OF OFFSHORE WIND ENERGY

WHEN DEVELOPING THE STRATEGY, THE CURRENT AND EXPECTED SITUATION IN THE POWER SECTOR WAS TAKEN INTO ACCOUNT, THE MACROECONOMIC, MARKET AND REGULATORY ENVIRONMENT WAS ANALYSED, AND ASSUMPTIONS REGARDING THE DIRECTIONS OF DEVELOPMENT OF THE SECTOR IN THE NEXT SIX YEARS WERE DEFINED

UNDER STRATEGY THE COMPANY ASSUMES THE DEVELOPMENT OF THE MOST PROMISING DIRECTIONS OF THE RENEWABLE ENERGY SOURCES MARKET WHILE LIMITING THE ACTIVITIES OF AREAS THAT DO NOT GENERATE SUFFICIENT ADDED VALUE AND DO NOT CREATE SYNERGIES WITH THE CORE ACTIVITIES

THE AMBITION AND MISSION OF THE GROUP IS TO CONTINUE ACTIVITIES RELATED TO THE PROCESS OF POLISH GREEN ENERGY TRANSFORMATION, USING INNOVATIVE SOLUTIONS SUPPORTING THE EFFICIENCY OF OBTAINING ENERGY FROM RENEWABLE SOURCES

THE PRIORITY IS TO IMPLEMENT THE OFFSHORE WIND ENERGY PROJECTS BAŁTYK 2 AND 3, AND BAŁTYK 1, WHICH WILL GENERATE STABLE AND HIGH EBITDA PROFIT

THE EXPANSION OF GENERATING CAPACITY IN ONSHORE WIND ENERGY IN POLAND WITH AN ATTRACTIVE RATE OF RETURN WILL BE CONTINUED, USING GROUP'S EXISTING RESOURCES (ABOUT 50 MW)

STRATEGY ASSUMES FURTHER DEVELOPMENT OF PHOTOVOLTAIC PROJECTS BASED ON EXISTING ASSETS (AS PART OF CABLE POOLING), COMBINED WITH ENERGY STORAGE FACILITIES (TOTAL INCREASE OF 100 MW)

GROUP WILL WORK ON STRENGTHENING THE COMPETENCE AND EFFICIENCY OF PPA SALES, WHICH WILL SECURE THE PROFITABILITY OF GENERATION ASSETS

THE STRATEGY ASSUMES FURTHER DEVELOPMENT OF THE WIND PROJECT IN ROMANIA

COMPANY WILL GRADUALLY WITHDRAW FROM ITS ACTIVITIES IN THE ELECTROMOBILITY AND HYDROGEN SECTORS

IN OTHER AREAS, COMPANY WILL CONTINUE TO REVIEW STRATEGIC OPTIONS

FINANCING FOR THE IMPLEMENTATION OF THE STRATEGY WILL COME FROM FUNDS GENERATED BY COMPANY, INCLUDING, AMONG OTHERS, FROM PLANNED DIVESTMENTS, AS WELL AS EXTERNAL FINANCING, WHICH, DEPENDING ON THE REQUIRED AMOUNT, MARKET SITUATION AND OTHER FACTORS, WILL BE OBTAINED IN THE FORM OF BANK LOANS, BOND ISSUES, AS WELL AS FROM CURRENT OR FUTURE INVESTORS, IN THE FORM OF SHARE ISSUES OR HYBRID INSTRUMENTS

DUE TO HIGH CAPITAL EXPENDITURES, MANAGEMENT BOARD DOES NOT PLAN TO RECOMMEND THE PAYMENT OF DIVIDENDS WITHIN THE DURATION OF THE STRATEGY

 Source text: nEM6Rvd25a
 Further company coverage: PEPP.WA

 (Gdansk Newsroom)

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