Poland's Tauron seeks to spur renewables expansion

WARSAW (Reuters) - Poland's Tauron aims to expand in renewable energy as the profitability of coal assets declines, the state-controlled power utility said on Friday.

It had 693 megawatts (MW) of installed renewable capacity at the end of 2023 and is building 364 MW more but sees room for greater expansion.

"We want to make renewable growth more dynamic, the pipeline of projects is larger than what is currently being built," Michal Orlowski, deputy CEO in charge of asset management, told a news briefing."There are price challenges, but we are looking for ways to accelerate."

The utilisation rates of coal-fired power units is falling sharply as more cheaper renewable power is available, prompting Polish utilities to spur changes to their asset structure.

(Reporting by Marek Strzelecki; editing by Jason Neely)