#TransitionEnea - dynamic development of the Group. Enea presents the assumptions of its Development Strategy until 2035.

Maintaining a strong market position and increasing the company value are the overarching goals that the Enea Group has set for itself when designing its Development Strategy until 2035. As a responsible and active participant in the energy transition, Enea is committed to sustainable development based on five strategic directions. Their implementation will allow the Group to transform and change Enea into a green, reliable and modern energy concern within ten years. The company will responsibly take care of the social aspects of the change, being a guarantor of the stability and security of the Polish power system.

• The Group will consistently increase the share of renewable energy and gas in its generation mix, increasing its share of Poland's total electricity production to 15% in 2035.
• The Group will allocate nearly PLN 107.5 billion to implement the strategy by 2035. Mostly for the development of RES, energy storage and in the area of distribution.
• In 2035, RES installed capacity will increase tenfold to more than 4.9 GW.
• Enea is focusing on improving the Group's efficiency, digitization and automation, developing modern products and services for customers.
• Implementation of the strategy will reduce the Group's carbon footprint by 66% in 2035. Enea aims to be a fully climate-neutral company by 2050.

“The availability of green and reliable energy will have a key impact on the competitiveness of the Polish economy and our entire society, including millions of Enea Group customers. We perceive the transition as an opportunity for further development, which is why we have prepared a development strategy until 2035, which is our response to global trends and changes," stresses Grzegorz Kinelski, Enea’s President.

Five key directions of Enea Group’s development

The Group's overarching goal will be to maintain a strong market position and increase the value of the company. In line with its defined mission: Enea is a responsible and active participant in the energy transition, taking care of climate protection, Poland’s energy security and the competitiveness of the economy.

The strategy defines five key development directions:

• transition of coal assets;
• growth of RES capacity and energy storage;
• development and security of the distribution network;
• new dimension of products and services for customers;
• operational excellence.

The various directions will be implemented through the attainment of the set goals. The Group has set 25 strategic goals, which it will achieve by implementing more than 70 initiatives in all areas of its business.   

Starting in 2024, the share of energy from renewable sources and gas will increase consistently in the years to come. In addition, the Group will increase its share of Poland's total electricity production to 15% by 2035.

“By 2030, the installed capacity of renewable energy sources will reach 2.1 GW, and in 2035 as much as 4.9 GW. Photovoltaic installations, onshore and offshore wind farms will account for the dominant share of RES energy production. The work of RES installations will be supported by the energy storage facilities being developed, which will also play an important role in stabilizing the operation of our distribution grids. We want them to be fully ready to take advantage of the potential of the rapidly developing RES. The projected capacity of the storage facilities that Enea Group will have at its disposal in 2035 will be more than 1.3 GW,” says Grzegorz Kinelski.

Enea's strategy supported by ESG activities

The Group maintains its pledge to achieve full climate neutrality by 2050. Implementation of the strategy's objectives, including: development of low-carbon generation sources and transition of existing ones, as well as decarbonization of the district heating system, will reduce the environmental impact of the company's emissions by half by 2030 and by as much as 66% by 2035. The emission indicator of the Group's power generation in 2035 will be 278 kg CO₂/MWh.   

“Caring for the environment for future generations is our key goal. We accept with full responsibility the role of an organization that cares about the climate and the environment and the preservation of biodiversity. We will carry out our change within the framework of sustainable development, which is based on three pillars: the environment, social responsibility and modern corporate governance. As a responsible energy company, we will also take care of the participants in the green change. Therefore, we will actively support the process of fair transition of the regions in Kozienice, Połaniec and Bogdanka, respecting the needs of the local community and in cooperation with local governments," stresses Dalida Gepfert, Enea's Vice-President for Corporate Matters.

Enea will make effective use of local resources and infrastructure in the process of creating new jobs in the regions associated with coal assets, and leverage the potential of existing employees by offering training and adaptation programs that will allow the workforce to develop the competencies needed for the Group's energy transition.   

Environmental initiatives will be implemented comprehensively, both through changes in the Group itself and activities involving local communities. The Group will implement green operating practices, including: reducing greenhouse gas emissions, reducing energy consumption or reducing waste. A multidirectional approach to the ESG area will provide the Group with professional management in the areas of environmental protection, social impact and a modern management model.       

Modern sales with green product offerings for customers

“With the change in the generation mix, our portfolio of products and services offered will change. The trade area, with a dominant share of green products, a developed offering of energy efficiency services, with extensive use of new technologies, will play an important role in implementing our Group's strategy. We want the share of green energy in retail sales to reach 58% of the total volume of energy sold to retail customers in 2035," adds Bartosz Krysta, Enea's Vice-President for Commercial Matters.

Enea plans to develop green energy sales offerings and products based on new technologies (flexibility services, virtual power plant, distributed generation management offerings). It will develop cooperation with local government units, especially in lighting, energy efficiency or solutions related to clusters and energy cooperatives. 

The modern trade area will be supported by high-quality customer service, adapted to growing standards and expectations. Enea will simplify processes and develop tools and contact channels that increase the level of self-service, providing more efficient communication and faster service. Systematically surveying satisfaction levels will facilitate the process of improving customer service channels.   

More than PLN 107 billion in investments by 2035.

The ambitious transition plan will be implemented with the utmost care for the financial health of the entire Enea Group. By 2035, the Group will have allocated nearly PLN 107.5 billion to implement the strategy.

“Investments will be financed in an on-balance sheet formula, including from own funds and based on financing obtained from banks and financial institutions, and in an off-balance sheet formula. We will also use funds available through grants and subsidies, particularly from the National Reconstruction Plan," explains Marek Lelątko, Enea's Vice-President for Financial Matters.

In the 2024-2035 timeframe, the largest expenditures will be made in the area of investments in renewable sources and energy storage - nearly PLN 40 billion, and in distribution - more than PLN 40 billion. The Group has planned more than PLN 15 billion for the construction of gas- and steam-fired units and more than PLN 10 billion for maintaining efficiency in conventional power generation. The company expects the strategy to result in a net debt/EBITDA ratio of 2.5 in 2030 and 0.9 in 2035.

As a conscious and responsible participant in Poland's energy transition, the Enea Group will implement an ambitious plan to invest in RES and change of the generation mix and product portfolio. In 2035, more than 40% of the Group's energy production will come from renewable sources, and the installed capacity of RES will be close to 5 GW. Enea will have a distribution grid developed for distributed generation and a portfolio of energy storage facilities. Selling energy efficiency services and green products using new technologies will give the Group a strong market position. Enea will play an active role in the market ahead of customers' expectations. The Group will be guided through the change process with ESG activities in mind.