Czech energy conglomerate CEZ is undergoing a huge strategy shift. Besides operating the Czech Republic's two nuclear power plants, Temelin and Dukovany, the portfolio of the enormous energy supplier also includes a dozen coal plants in Eastern Europe, while CEZ was among the bidders on Vattenfall's German brown coal plants.
But last year, the company decided that it will back green energy in its overseas investments from now on. Ahead to 2020, CEZ's goal is to invest CZK 60 billion (EUR 2.2 billion) in renewable energy "and other projects within the field of new energy." A strategy, which will see the capacity of renewable energy grow to 2,600 MW over the next three years.