Blooomberg reports:

Central Europe’s third-largest polluter plans to almost triple its clean-energy capacity as emission costs surge.

Tauron Polska Energia SA is preparing to add at least 700 megawatts of clean, regulated power to “improve” its portfolio after carbon permits almost tripled over the past year, Chief Financial Officer Marek Wadowski said. That’s the equivalent of half a modern nuclear reactor and echoes moves by European utilities from Enel SpA to Vattenfall AB to boost their clean power generation.

“We’re turning in the direction of more renewable sources,” Wadowski said in an interview this week. “The rising cost of CO2 makes the profitability of coal-fired plants significantly less profitable.” [Continue reading…]