Tauron signs PLN 300 million heat deal: Tauron stock holds PLN 16.8 billion value

Published on 10/15/2026 at 11:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tauron commits over PLN 300 million to Jaworzno heat capacity. Tauron stock costs EUR 2.21 on October 15, 2026 at Lang & Schwarz.

Investment and earnings snapshot

On October 13, 2026, Tauron signed a heat project contract worth more than PLN 300 million.
First-half 2026 revenue reached PLN 17,262 million, while EBITDA fell 12.00 percent to PLN 3,697 million.
Tauron stock traded at EUR 2.21 at 11:20 a.m. CEST at Lang & Schwarz on October 15, 2026.

Tauron, PLTAURN00011, Illustration mit AI erstellt.

Tauron Polska Energia (PLTAURN00011) signed a contract worth more than PLN 300 million for a new heat source in Jaworzno on October 13, 2026, according to TAURON. The project links gas, power-to-heat, cogeneration and heat storage, while the stock was valued at PLN 16.8 billion in the latest finance quote.

Jaworzno project sets the tone

The new installation will supply the municipal heating network and provide up to 120 tons of process steam per hour for Tauron's 910 MW power unit. Its total thermal capacity will exceed 126 MWt, while electrical capacity will approach 14 MWe, according to PAP.

The project is scheduled in two phases. The first phase is planned for completion before the 2028/2029 heating season, and the cogeneration system is scheduled to start in the second quarter of 2029. The first construction work is planned for the first half of 2027, giving the announcement a multi-year investment horizon.

What do the earnings mean?

Tauron's first-half 2026 figures show why the project matters for the group's transition. Revenue reached PLN 17,262 million, broadly stable year over year, while EBITDA fell 12.00 percent to PLN 3,697 million and net profit declined 24.00 percent to PLN 1,565 million, according to Capital.com. The reported EBITDA margin was 21.40 percent, so the new heat project is relevant not only for decarbonization but also for the future mix of regulated and generation earnings.

Three investment milestones

On September 11, 2026, management discussed first-half revenue above PLN 17 billion and EBITDA of PLN 3.7 billion in the earnings call carried by Yahoo Finance. On September 29, 2026, Tauron signed a PLN 900 million refinancing agreement with PKO Bank Polski, extending the financing period to five years, according to TAURON. The October 13 heat contract is the latest of the three milestones.

Upcoming reporting dates

Tauron's next scheduled reporting date is November 18, 2026, when it plans to publish its extended consolidated third-quarter report. The investor-relations calendar also identifies the first half 2027 construction start for the Jaworzno project, while the cogeneration system is scheduled for the second quarter of 2029.

Stock holds a transition valuation

Tauron was trading at EUR 2.21 at Lang & Schwarz on October 15, 2026 at 11:20 a.m. CEST. The PLN 16.8 billion market value and the PLN 300 million project show the scale of the investment against the group valuation. The further course of trading is shown by the continuously updated real-time quote of Tauron stock.