25 Dec '17, 11am

French company ENGIE lays out 5.2 GW renewable goal

Another 500 megawatts of onshore wind and solar power will be in the portfolio of a French joint venture, energy company ENGIE said Friday. ENGIE said its joint venture with insurance company Crédit Agricole Assurances would work to acquire around 500 MW of onshore renewables by the end of next year. ENGIE already has 2.6 gigawatts of installed onshore wind and solar polar capacity in its portfolio. "ENGIE's ambition is to reach, by 2021, 3 GW of installed capacity of onshore wind farms and 2.2 GW of solar photovoltaic power plants," Gwenaëlle Huet, the CEO in charge of renewable energy for ENGIE, said in a statement. "This partnership will be most valuable to achieve this goal." ENGIE in mid-December joined eight other European energy companies in making a pledge to develop what they said was the "most dynamic segments of sustainable finance today, the green bond market."...

Full article: http://www.solardaily.com/reports/French_company_ENGIE_la...

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