According to (12 EUR, 0,60%) Financial, CEZ might sign a contract by the end of the year to invest in wind farms in Poland.
CEZ has program to decrease CO2 emission by the year 2020. It plans to triple production from renewable energy from 1.7TWh to 5.1TWh. Realistic potential of wind power plants production in Czech Republic by the year 2020 is around 800MW and the goal for CEZ is to have capacity of 500MW. Currently CEZ project in Dukovany and Dlouhe Pole plans with 100MW capacity. If everything goes well the wind capacity will have share on total CEZ capacity only 4.5%. That shows us that wind power plant will never play major role in electricity production in Czech Republic. Regarding the news that CEZ plans to build wind power plants in Poland we see it as neutral for today’s trading.