Poland to Speed Up Clean Energy Spending as Coal-Asset Spinoff Nears
- Spinoff is key for state utilities to keep access to funding
- Tauron CEO admits talks on details of carve-out ‘are not easy’
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Polish utilities are set for a green investments spree starting next year as the country is moving forward with its plan to remove coal burden from their books.
Executives at Poland’s largest utilities PGE SA and Tauron Polska Energia SA are convinced that the delayed government plan to carve out coal-fired power plants to a separate entity will be completed next year. The spinoff is paramount for the power groups to regain access to financial markets, currently curbed by their exposure to the dirty fuel.