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The world of renewables this week

Utilities in Poland will undergo a reorganization similar to that seen in Germany, according to the country’s climate minister. The move will see organizations such as PGE, Tauron, Enea and Energa shift away from fossil fuels and towards clean energy, although he declined to say when Poland would time its coal phaseouts. The announcement follows a wave of poor financial results for Polish state-run energy groups, with banks shying away from backing capital-heavy coal projects. There is every chance the government will have to compensate utilities for this transition, as the German government coughed up €2 billion for RWE to turn off its lignite power stations by 2022. Fred Olsen Renewables and Global Wind Power (GWP) have sold their French…

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