Engie, a French multinational electric utility company, has recently bagged 235 MW of solar and wind energy projects that would span across multiple French territories, namely PACA, Nouvelle Aquitaine, Normandy, Hauts de France, and Grand Est.
Reportedly, Elisabeth Borne, Minister for Ecological and Inclusive Transition, awarded Engie this project as a part of the country’s latest solar and wind tenders in line with France’s multi-annual energy plan.
Currently, Engie is the country’s leading company in renewable energy, with nearly 1 GW of solar and 2.3 GW of onshore wind installed capacity at 100% by the Q4 of 2019. It is also considered as the prominent producer of wind and solar power across the nation. Besides, Engie holds the title of alternative leader in hydroelectricity.
Speaking on the development, Gwénaëlle Avice-Huet, Executive Vice President, Engie, said that these consecutive awards, which would further allow the company to install over 235 MW of additional renewable infrastructure in France, testify the group’s competitiveness and its product’s quality.
They further establish the ability of their teams to revolutionize and facilitate energy transition efficiently across key regions. Engie believes that renewable energy would be the backbone of France’s economic recovery, slowly spanning over the world overtime.
With the help of its subsidiary Engie Green, Engie has managed to bag four projects from the “innovative solar” tender. These projects possess the power to shape the future of the solar sector and enhance the integration and productivity of power generated into the grid.
Apparently, this would be possible with a combination of predictive technology for solar energy generation and state-of-the-art PV panels & storage solutions.
Meanwhile, the company’s North American arm, Engie North America has managed to ink a massive tax equity financing for its renewable’s portfolio. The lineup includes 2 gigawatts of renewable assets, comprised of 0.5 GW of utility-scale solar PV projects and 1.5 GW of onshore wind.