Multi-Energy Concern as an Example of the Implementation of Agenda 2030: Poland as a Case Study

Toborek-Mazur, Joanna; Wójcik-Jurkiewicz, Magdalena

doi:10.3390/en15051669

Cited by 6 publications

(3 citation statements)

References 27 publications

(34 reference statements)

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“…Table 3 presents the renewable energy generation capacity in Poland. Source: authors' own studies, from [43,44].…”

Section: Significance Of Polish Energy Security In the Context Of The...mentioning

confidence: 99%

“…The generation capacity includes a system power plant in Ostrołęka, 2 heat and power plants, 47 hydroelectric power plants, a pumped hydroelectric energy storage in Żydów and 5 wind farms and 2 photovoltaic farms. Energa's distribution network currently covers about a quarter of the country [44]. Figure 4 presents the electricity market after the Energa acquisition by Orlen.…”

Section: Major Manda Transactions In Poland In the Energy Sector In 2...mentioning

confidence: 99%

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Energy Security as a Premise for Mergers and Acquisitions on the Example of the Multi-Energy Concern PKN Orlen in the Face of the Challenges of the 2020s

2022

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A concern for ensuring energy security is particularly important in the 2020s, a decade significantly marked by economic and political uncertainty: the coronavirus pandemic, the Russian-Ukrainian war, and inflation turning into stagflation in many markets. Additionally, the national and international climate policy promoting the acquisition of energy from non-renewable sources is only a part of the problem that forces a revision of the direction and degree of diversification of energy sources. States, bearing in mind the inevitability of change, in order to maintain energy security, should not only accurately read these phenomena but also effectively prevent them. One of the available solutions is to build a multi-energy concern to ensure energy independence through diversified production and distribution of electricity and non-renewable fuels. To this end, a large international entity centred around the PKN Orlen group has existed in Poland for several years. The construction of this holding is based on M&A transactions, as effective mechanisms for long-term management, and focused around complementary, in terms of economic activity, market entities—Energa, Lotos and PGNiG. This article focuses on the assessment of the phenomenon of capital concentration in M&A transactions by PKN Orlen, with particular emphasis on the changes in the shaping of energy security in the near future and also on the basis of the directions resulting from government guidelines and policies.

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“…Table 3 presents the renewable energy generation capacity in Poland. Source: authors' own studies, from [43,44].…”

Section: Significance Of Polish Energy Security In the Context Of The...mentioning

confidence: 99%

Section: Major Manda Transactions In Poland In the Energy Sector In 2...mentioning

confidence: 99%

Energy Security as a Premise for Mergers and Acquisitions on the Example of the Multi-Energy Concern PKN Orlen in the Face of the Challenges of the 2020s

2022

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“…The results of the conducted research have shown that to ensure energy security by resigning from coal mining, disproportionate investment outlays and high costs need to be incurred to secure the transformation of the energy sector in Poland. However, this requires a good condition of the Polish economy and high GDP to meet the financial requirements of such a transformation [73][74][75][76][77].…”

Section: Conclusion and Recommendationsmentioning

confidence: 99%

Assumptions of the Energy Policy of the Country versus Investment Outlays Related to the Purchase of Alternative Fuels: Poland as a Case Study

et al. 2022

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Nowadays, the importance of activities for the protection of the environment is growing. This approach has a major impact on the current energy and mining policy in Poland. On the one hand, the energy policy has imposed several restrictions to which the Polish economy will have to adapt; on the other, however, it raises great social opposition from professional groups that will be at risk of changing or losing their jobs and income, which implies extensive restructuring processes. These processes involve the decarbonisation of the economy and include, among others: sustainable production and consumption, sustainable municipal management and high quality of life in the city, waste management, sustainable transport, and energy management. The aim of the article is to indicate the importance of investment outlays and costs incurred when purchasing alternative fuels that would replace hard coal in Poland. It is part of the process of adjusting to the requirements of the new energy policy adopted by Poland as an EU member. In order to ensure energy security by abandoning coal mining, disproportionately high investment outlays for such a transformation would have to be incurred, as well as significant resources that would have to be allocated in the future to the purchase of alternative fuels. The result of the scenario methods used is the proposition of the proprietary RCAES index, which is to facilitate the transition from fossil fuels to alternative fuels, which the authors will fill in the gap existing in this area.

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Restructuring of the Coal Mining Industry and the Challenges of Energy Transition in Poland (1990–2020)

2022

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The European Union’s climate policy and the energy transition associated with it force individual countries, their economies and their industrial sectors to carry out thorough changes, often of a deep, high-cost and restructuring nature. The aim of the article is to provide a multidimensional assessment of the forms and effects of the restructuring of coal mining companies in Poland in light of the current energy transition process. The research problem is encapsulated within the following two interdependent questions: Has the restructuring process allowed the coal mining industry to achieve sufficient efficiency to sustainably compete in the open market, and to what extent, if at all, have the objectives of restructuring been achieved from the perspective of changes in the energy mix? The research covers all coal mining companies included in the official statistics. It adopts a long-term perspective (1990–2020), dating from the beginning of the systemic transformation in Poland. The research involved the use of multivariate financial analysis methods, including the logit model for predicting the degree of financial threat, as well as taxonomic methods for assessing the dissimilarity of structures and their concentration. The general conclusion of the research is that there has been a lack of consistency (follow-up) between the forms and effects of restructuring in coal mining companies in Poland on the one hand and changes in the composition of the country’s energy mix as a result of the energy transition on the other. In particular, this means that such restructuring, being neither effective nor efficient, has failed to accelerate change in the energy mix.

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Multi-Energy Concern as an Example of the Implementation of Agenda 2030: Poland as a Case Study

Cited by 6 publications

References 27 publications

Energy Security as a Premise for Mergers and Acquisitions on the Example of the Multi-Energy Concern PKN Orlen in the Face of the Challenges of the 2020s

Energy Security as a Premise for Mergers and Acquisitions on the Example of the Multi-Energy Concern PKN Orlen in the Face of the Challenges of the 2020s

Assumptions of the Energy Policy of the Country versus Investment Outlays Related to the Purchase of Alternative Fuels: Poland as a Case Study

Restructuring of the Coal Mining Industry and the Challenges of Energy Transition in Poland (1990–2020)

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