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PGE on Warsaw Stock Exchange

PGE Polska Grupa Energetyczna

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

Polish energy company

PGE Polska Grupa Energetyczna S.A. (PGE SA or PGE Group, the name can be translated as Polish Energy Group) is a state-owned public power company and the largest power producing company in Poland. PGE is listed on the Warsaw Stock Exchange and is a constituent of the WIG30 index. The group is largely controlled by the Polish State Treasury who as of 9 July 2014 owns 58.39% of the public limited company.2 Its chief executive is Henryk Baranowski (since 2017).1 It employed about 41,400 people in 2018.1 Its revenue was €6 billion in 2018.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1990Founded1

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  • TickerPGE on Warsaw Stock Exchange1
  • Industryenergy industry1
  • HeadquartersWarsaw1
  • Websitewww.pgesa.pl
  • Legal formspółka akcyjna1
  • LEI259400MP9VXR0E69MJ893
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressLUBLIN ALEJA KRAŚNICKA 27, 20-718 Lublin, Poland3
  • Registered withMinistry of Justice, 00000593073

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PGE Polska Grupa Energetyczna ul. Mysia 2 w Warszawie
Photo: Adrian Grycuk, CC BY-SA 3.0 pl, via Wikimedia Commons9

PGE Polska Grupa Energetyczna S.A. (PGE SA or PGE Group, the name can be translated as Polish Energy Group) is a state-owned public power company and the largest power producing company in Poland. PGE is listed on the Warsaw Stock Exchange and is a constituent of the WIG30 index.2

Corporate structure

PGE Polska Grupa Energetyczna sits at the top of its group. 27 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • PGE Polska Grupa Energetyczna Warszawa, Poland
    • PGE Energia Ciepła Warszawa, Poland
      • PGE TORUN SPOLKA AKCYJNA (PGE TORUŃ SPÓŁKA AKCYJNA) Subsidiary · Toruń, Poland
    • PGE Trading Berlin, Germany
    • 4Mobility Subsidiary
    • Elektrociepłownia Zielona Góra Subsidiary · Zielona Góra, Poland
    • PGE Energia Odnawialna Subsidiary · Warsaw, Poland
    • PGE Górnictwo i Energetyka Konwencjonalna Subsidiary · Bełchatów, Poland
    • Polskie Elektrownie Jądrowe Subsidiary · Warsaw
    • Zespół Elektrociepłowni Wrocławskich Kogeneracja Subsidiary · Wrocław, Poland
      • PGE ZIELONA GORA SPOLKA AKCYJNA (PGE ZIELONA GÓRA SPÓŁKA AKCYJNA) Subsidiary · Zielona Góra, Poland
    • Łęg Cogeneration and power plant Subsidiary · Kraków, Poland
    • ELEKTROWNIA WIATROWA BALTICA - 1 SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA Subsidiary · Warszawa, Poland
    • EPORE SP. Z O.O. Subsidiary · Bogatynia, Poland
    • PGE BALTICA 6 SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA (PGE BALTICA 6 SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ) Subsidiary · Warszawa, Poland
    • PGE DOM MAKLERSKI SPOLKA AKCYJNA (PGE DOM MAKLERSKI SPÓŁKA AKCYJNA) Subsidiary · Warszawa, Poland
    • PGE ENERGIA ODNAWIALNA SPOLKA AKCYJNA (PGE ENERGIA ODNAWIALNA SPÓŁKA AKCYJNA) Subsidiary · Warszawa, Poland
    • PGE GORNICTWO I ENERGETYKA KONWENCJONALNA SPOLKA AKCYJNA (PGE GÓRNICTWO I ENERGETYKA KONWENCJONALNA SPÓŁKA AKCYJNA) Subsidiary · Bełchatów, Poland
    • PGE GRYFINO DOLNA ODRA SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA Subsidiary · Warszawa, Poland
    • PGE INWEST 23 SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA (PGE INWEST 23 SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ) Subsidiary · Warszawa, Poland
    • PGE INWEST 27 SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA (PGE INWEST 27 SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ) Subsidiary · Warszawa, Poland
    • PGE NOWY RYBNIK SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA (PGE NOWY RYBNIK SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ) Subsidiary · Rybnik, Poland
    • PGE OBROT SPOLKA AKCYJNA (PGE OBRÓT SPÓŁKA AKCYJNA) Subsidiary · Rzeszów, Poland
    • PGE PALIWA SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA (PGE PALIWA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ) Subsidiary · Kraków, Poland
    • PGE Sweden AB (publ) Subsidiary · Stockholm, Sweden
    • PGE VENTURES SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA (PGE VENTURES SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ) Subsidiary · Warszawa, Poland
    • TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH ENERGIA SPOLKA AKCYJNA (TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH ENERGIA SPÓŁKA AKCYJNA) Subsidiary · Warszawa, Poland
    • Bełchatów Coal Mine Owned · Gmina Rząśnia, Poland
    • and 5 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What PGE Polska Grupa Energetyczna reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

The company was founded as Polskie Sieci Elektroenergetyczne S.A. (translates as Polish Electrical Power Lines Share Company) in 1990. In 2007 the Transmission System Operator division (PSE-Operator) was separated from the PSE S.A. group. On 9 May 2007 Polska Grupa Energetyczna was established by the merger of PSE, PGE Energia SA and BOT Górnictwo i Energetyka S.A.

On 6 November 2009 PGE participated in its IPO in Warsaw Stock Exchange. On 19 March 2010 PGE was included in WIG20 index.

In October 2020, PGE Polska Grupa Energetyczna published a new strategy by 2030 with a perspective by 2050 and a transformation plan aimed at achieving climate neutrality of the Group in 2050. The key directions of the PGE Group's development will be offshore and onshore wind energy, photovoltaics, grid infrastructure, low-emission heating and energy services. The area of divestment and limitation of activity will include coal energy and hard coal trade.

In 2022 and 2023 it was reported that PGE was buying PKP Energetyka from CVC Capital Partners, CVC signed a preliminary agreement for the sale of PKP Energetyka in January 2023. On April 3, 2023 PGE Polish Energy Group acquired from the CVC Fund 100% of shares in PKPE Holding sp. z o.o. thus closing the purchase transaction of PKP Energetyka S.A. April 4, 2023 change of the company's name from PKP Energetyka to PGE Energetyka Kolejowa.

In 2024, the company announced plans to build Europe's largest energy storage facility in Żarnowiec, Poland. It will have a capacity of up to 263 MW and a minimum of 900 MWh. The project aims to support the balancing of PGE's land and offshore wind farms on the Baltic Sea and to improve the stability of the National Power System.

From Wikipedia’s article on Polska Grupa Energetyczna, shared under CC BY-SA 4.0.5

Leadership

Who has led PGE Polska Grupa Energetyczna, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Henryk Baranowski2017–now
1995200020052010201520202025

Products and brands

The PGE Group operates two large lignite mines and more than 40 power stations, including the Bełchatów Power Station, the fifth-largest coal-fired power station in the world. Power stations are fuelled mainly by hard coal and lignite. The company consists of eight distribution system operator companies, eight electricity retail sales companies, an electricity wholesale company and enterprises operating in other industries (including the telecommunications). PGE holds a 38% market share in generation of electricity and an estimated 30% market share in supply in electricity for the year 2015.

Projects of this company are, among possible other sources, funded by mBank (2020)

From Wikipedia’s article on Polska Grupa Energetyczna, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Owners

  • State Treasury 57.4%

Subsidiaries

Also owns

Subsidiaries (GLEIF)

Also consolidated

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Employees over time

  • 201841,4421

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

  • 20186.0B EUR1

Net income

  • 2018351.3M EUR1

Timeline

  1. Feb 14, 2017New chief executive Henryk Baranowski becomes CEO1
  2. Dec 2009Went public Listed on Warsaw Stock Exchange1
  3. 1990Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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