ARP and KGHM will cooperate in the area of Renewable Energy Sources

Date of posting: 2024-05-07

Agencja Rozwoju Przemysłu S.A. (ARP) and KGHM Polska Miedź S.A. signed a letter of intent on cooperation in the area of Renewable Energy Sources and support for energy transformation. The event took place during the 16th European Economic Congress, which began today in Katowice.

The signatories of the letter emphasise the possibility of wide-ranging cooperation in the area of investment in, among other things, renewable energy sources and energy storage facilities, joint involvement in the energy transformation of the Polish economy and Polish enterprises. This will contribute to reducing the carbon footprint. They also draw attention to the need to reduce energy costs for energy-intensive enterprises such as KGHM.

- If there is positive energy and optimism, if there is faith that we will succeed, then nothing is impossible, as we are all witnessing. Our symbolic signature on the letter of intent is in fact the fruit of a significant transformation, above all in the thinking that heavy industry, especially energy-intensive industry, can be environmentally friendly.
We can show that change can be positive, it can be planned, it can be precise and it can have the desired effect. This is very important, especially for Silesia, where we see a huge fear of this transformation. And transformation can maintain both economic stability and environmental stability. It has to be conducted wisely, under control, and that is the kind of cooperation we intend to enter into with KGHM Polska Miedź S.A.’ - said Michał Dąbrowski, President of the Management Board of Agencja Rozwoju Przemysłu S.A.

- KGHM is successively increasing the power of its own photovoltaic sources by planning both investments on its own sites and purchases of already built installations operating in the country. By introducing photovoltaic farms to the copper company's assets, we are hedging against market turbulence in the energy sector.
The recently acquired installations will ensure that we cover around 2 per cent of our electricity consumption. At the same time, we are planning and have a vision for further growth. A good example of our commitment is the cooperation we have just commenced with Agencja Rozwoju Przemysłu - said Andrzej Szydło, President of the Management Board of KGHM Polska Miedź S.A.

Piotr Krzyżewski, vice-president of the Management Board of KGHM for financial matters, added that the copper company was successfully implementing energy transformation projects. - By 2030, an increase in the share of RES in KGHM's energy mix will contribute to a significant decrease in CO2 emissions. This will be helped, among others, by photovoltaic power plant projects at the Głogów and the Cedynia copper smelter plands, the hydro-engineering plant and the Obora sand plant.

The letter of intent signed in Katowice provides for cooperation involving, among others, analysis of real estate resources from the point of view of their use in investments or seeking opportunities for joint projects. The parties also plan to hold a dialogue with representatives of the state administration, European Union institutions and industry organisations on topics related to energy transition.

The mission of Agencja Rozwoju Przemysłu is to support enterprises in their energy transition. This is an important element of the Company's activities, which has a nationwide dimension. The portfolio of ARP S.A. companies includes many that are already leaders in their respective industries. Examples include Baltic Towers Sp. z o.o., whose task is to manufacture towers for offshore wind turbines for the Polish Offshore or Świętokrzyska Grupa Przemysłowa INDUSTRIA, which is the coordinator of the Central Hydrogen Valley. The operator ARP builds energy-efficient office and public buildings, and ARP Energia is responsible for the construction of photovoltaic farms.

In turn, the energy transformation of KGHM Polska Miedź S.A. is currently one of the company's priorities. Activities are not limited to the M&A market. KGHM's ambitions go much further. The Company is consistently developing photovoltaic and wind power projects on its own land, and is also developing assumptions for hydrogen solutions. KGHM is one of the largest consumers of electricity in Poland and accounts for almost 2% of domestic consumption. In the near future, the company anticipates an additional increase in demand, responding to the adopted development and modernisation plans of the copper company.

The event was attended by: Jerzy Buzek - President of the EEC Council, Member of the European Parliament, President of the Council of Ministers, Kadri Simson - European Union Commissioner for Energy, and Tomasz Zjawiony - President of the Regional Chamber of Commerce in Katowice.

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