Multi-Energy Concern as an Example of the Implementation of Agenda 2030: Poland as a Case Study

Joanna Toborek-Mazur,Magdalena Wójcik-Jurkiewicz

doi:10.3390/en15051669

Abstract

The motive for the functioning of enterprises in the market economy is the maximization of benefits by achieving positive financial results with the minimum possible involvement of capital. The positive results achieved are perceived very positively by the stakeholders. To achieve this, it is necessary to carry out reorganization processes (mergers and acquisitions) within capital groups, which are perceived as necessary (positive) measures. These phenomena have been observed in the energy sector for many years, and the years 2010–2021 were adopted as the research period. The aim of this article is to attempt to answer the question of whether the multi-energy concern is the result of activities carried out in light of the 2030 Agenda. The effect of merging the entities is capital concentration. This fact has been verified by reviewing changes in the structures of capital groups in the energy sector against the background of the largest mergers and acquisitions in Poland in terms of value. The theoretical part presents the differences in the terminology of mergers and acquisitions and the motives for their creation and operation, with an emphasis on energy groups. Therefore, the authors undertook research aimed at identifying and assessing the main premises and effects of capital concentration through mergers and acquisitions in the energy sector in Poland.

Highlights

Poland, along with nearly 190 other countries around the world, joined the Paris Agreement on climate protection in 2015
On 12 May 2021, a cooperation agreement was signed between PKN Orlen and Lotos Group, PGNiG, and the State Treasury concerning the acquisition of control by the Płock concern over its competitor from Gdansk and PGNiG
As a result of this transaction, all assets of the acquired companies will be transferred to PKN Orlen

Summary

Introduction

Along with nearly 190 other countries around the world, joined the Paris Agreement on climate protection in 2015. An indispensable element that determines the possibility of Poland gaining a competitive advantage in Europe is the concern to ensure an appropriate level of energy security, understood as a guarantee of resistance to any unfavorable and unpredictable events that may threaten the physical integrity of electricity flows. One such unfavorable phenomena may be the limited availability of energy and the possibility of purchasing it at reasonable and acceptable prices. It should be supplied from as many sources as possible and preferably be renewable, ensuring adequate flexibility to meet the collective needs of the state [4,5,6]

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Discussion

Conclusion