Welcome
Environment & Energy Report

Polluting Giant Turns to Green Energy to Escape EU Carbon Risk

Oct. 11, 2018, 3:12 PM

Central Europe’s third-largest polluter plans to almost triple its clean-energy capacity as emission costs surge.

Tauron Polska Energia SA is preparing to add at least 700 megawatts of clean, regulated power to “improve” its portfolio after carbon permits almost tripled over the past year, Chief Financial Officer Marek Wadowski said. That’s the equivalent of half a modern nuclear reactor and echoes moves by European utilities from Enel SpA to Vattenfall AB to boost their clean power generation.

“We’re turning in the direction of more renewable sources,” Wadowski said in an interview this week. “The rising cost...

To read the full article log in. To learn more about a subscription click here.