Polish court ruling may halt planned 1GW Ostroleka C coal plant

first_img FacebookTwitterLinkedInEmailPrint分享Climate Home News:Poland’s “last coal-fired plant” may never go ahead, after a district court struck down the company resolution authorising construction on Thursday. The ruling dealt a blow to the 1GW Ostrołęka C project, a joint venture between utilities Enea and Energa backed by the government.It is a major win for Client Earth. The environmental law firm had bought shares in Enea and filed a lawsuit against the project on the grounds it posed an “unacceptable” financial risk to investors.Revived in 2016, the €1.2 billion project was part of the government’s plan to ensure the country’s energy security. It was presented as a necessary supplement for renewable energies that will partly replace a number of old coal power plants due to be taken offline by 2020.With a controlling stake in Enea, the Polish government pushed through company approval despite concerns raised about the project’s economic viability. In September 2018, 22% of non-government shareholders voted against starting construction and 58% abstained. At project partner Energa, with 37% opposed the project.Client Earth claimed its case against Enea was a world first, in the way it forced the company to reckon with climate risk. As carbon-cutting regulations kick in and clean energy sources become competitive on price, it argued, coal generation is an increasingly bad bet.“Pursuing this project puts an unnecessary burden on the state and taxpayers and is in no way necessary for national energy security,” said Marcin Stoczkiewicz, head of Client Earth Poland. “Enea and Energa need to look at what the future of energy is in Poland. There is vast employment potential in cheaper, domestic renewables.”More: Court blocks Polish coal plant, in win for climate campaigners Polish court ruling may halt planned 1GW Ostroleka C coal plantlast_img read more