One of Poland’s largest energy companies is looking to the future by re-establishing its current fossil fuel-using infrastructure with a new one that focuses on renewable energy sources.

Tauron Polska Energia S.A., headquartered in Katowice, currently generates a large percentage of its energy supply from coal-fired power plants. However, they have committed their company to an ambitious, forward-thinking business plan that will greatly reduce their overall carbon footprint in the future.

They are financially supported by the European Bank for Reconstruction and Development (EBRD), who have made a PLN 240 million/€55.8 million investment in return for 24% of a PLN 1 billion/€223 million plus currency bond, issued for Tauron, to help assist in their goals of reducing carbon emission outputs from their power plants and facilities.

Tauron’s goals are to slowly phase out their fossil fuel power plants in favour of plants which utilize renewable energy alternatives, and to reduce their net carbon footprint.