Listed copper producer KGHM has taken a significant stride towards renewable energy integration by signing a letter of intent with the state industrial development agency ARP, as announced in a press release by KGHM.
The letter of intent delineates a framework for collaboration between KGHM and ARP, particularly in the realm of renewable energy sources and the facilitation of energy transformation initiatives. Among the key aspects outlined in the agreement is the joint analysis of real estate resources to identify potential investments and the exploration of opportunities for co-implementing projects.
Additionally, both parties have committed to fostering dialogue with stakeholders from the state administration, European Union institutions, and industry organizations concerning matters pertaining to energy transition.
In a statement quoted in the press release, KGHM CEO Andrzej Szydlo expressed the company’s strategic approach to bolstering its renewable energy capacity. Szydlo highlighted KGHM’s plans to augment its photovoltaic sources, both through independent investments on its sites and acquisitions of pre-existing plants within the country. The incorporation of photovoltaic farms into KGHM’s assets is viewed as a measure to mitigate market volatility in the energy sector, with the recently acquired installations projected to cover approximately 2 percent of the company’s electricity consumption.
Echoing this sentiment, KGHM’s CFO, Piotr Krzyżewski, emphasized the company’s commitment to reducing carbon emissions by increasing the share of renewable energy sources in its energy mix by 2030. Krzyżewski underscored specific projects, including photovoltaic power plant installations at various KGHM facilities such as the Glogow smelter, the Cedynia smelter, the Tailings Plant, and the Obora sand plant.
The signing of the letter of intent took place during the European Economic Congress held in Katowice, marking a pivotal moment in KGHM’s journey towards sustainable energy practices.
