Tauron's renewable energy generation fell by 9% in 2022

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Tauron Polska Energia SA has released its annual report for 2022, revealing the company's renewable energy generation dropped 9% to 1.57 TWh in 2022, despite an increase in production from photovoltaics (PV) and wind. According to the company, the fall in progressive sustainable energy development was attributed to low inflow from biomass, which fell due to a rise in feedstock prices and adverse hydrological conditions, affecting hydropower.

According to CEO Paweł Szczeszek, the group’s investment in renewable energy sources increased five-fold to PLN459 million (US$107 million), with a number of new projects in the pipeline. Tauron commissioned two wind farms and one PV facility under its Green Turn strategy.

Earnings before interest, tax depreciation, and amortization (EBITDA) increased 26% to PLN476 million (US$110.1 million), accounting for 12% of the group total. The sales revenue in the renewable energy segment had a 37% increase to PLN 909 million. Nevertheless, despite the growth reported in renewable energy sales, consolidated revenue increased 46% to PLN37.3 billion (US$8.7 billion) backed by the sale of electricity, gas, and emission allowances.

As per the report, Tauron has 417 MW of installed wind capacity at 15.55 TWh but was almost flat compared to 15.59 TWh in 2021. Despite the financial results, the company faces challenges, especially with the drop in energy production, calling for more innovative measures to tackle business operations, particularly in the renewable energy industry.

List of the country updates

Country updates

  • March 23, 2023

    Lafarge signs PPA for wind power to cover 20% of energy needs in Poland

    Lafarge has signed a 10-year virtual power purchase agreement with RWE Supply & Trading to cover 20% of its energy needs in Poland. The green energy will come from Windfarm Polska III, w...

    Read more
  • March 23, 2023

    Menlo Electric, FoxESS Polska sign 150 MW contract to supply EU markets

    FoxESS Polska and Menlo Electric have signed a contract with a total capacity of 150 MW for 2023. The deal includes the supply of 1-phase and 3-phase string inverters, as well as 1-phase and 3-phase h...

    Read more
  • March 17, 2023

    RWE to market green electricity from 132 MW wind project in Pomorskie

    RWE Supply & Trading has signed an agreement to provide green electricity produced by the 132 MW Windfarm Polska III project to Polish industrial customers in the construction sector for 10 years....

    Read more
  • March 15, 2023

    RWE commissions 12 MW wind project near Nowy Staw

    RWE has started the commercial operation of its 12 MW LECH Nowy Staw III wind farm located near the town of Nowy Staw, about 50 km southeast of Gdansk, in Poland.  The wind project con...

    Read more
  • March 14, 2023

    Polish lawmakers amend wind energy law in response to calls for less spacing

    Poland's lower house of parliament, the Sejm, has approved a bill to relax the rules on the installation of onshore wind turbines, following pressure from the European Union to promote renewable energ...

    Read more

Share this update