logo
menu

TotalEnergies purchases Polish biogas producer

news item image

Energy giant TotalEnergies has bought biogas producer Polska Grupa Biogazowa (PGB) as well as some solar power projects in Poland, the French company said on Monday as it further expands its footprint in the country.
The takeover of PGB, a company that employs 130 people at 17 sites across Poland, was completed in February, TotalEnergies said, adding the move would add a total power production capacity of 166 gigawatt hours (GWh) to its portfolio.
The acquisition of PGB raises TotalEnergies’ biogas production capacity to 1.1 TWh and gives the company a strong position in the promising Polish market, which represents Europe’s fourth-largest potential for biogas and biomethane production, estimated at close 100 terawatt-hours (TWh).
TotalEnergies also said it had acquired six Polish solar projects from a company called FFKM112.
“These agreements illustrate TotalEnergies' commitment to developing its renewable activities in Poland, and in Europe as a whole, to support the European Green Deal,” said Stéphane Michel, president of gas, renewables & power at TotalEnergies.
“On the one hand, we are gaining a solid foothold in Poland's biogas market thanks to an existing company’s proven track record, experienced teams, and broad asset base. On the other hand, we are developing our presence in renewable energies with a portfolio of solar projects. With these two transactions, we are pleased to be able support Poland in its ambition to develop renewable energies and strengthen its energy sovereignty. We hope we will also have the opportunity to provide Poland with our expertise in offshore wind, an area in which we have formed a partnership with KGHM."













181 queries in 0.602 seconds.