- Press Releases
September 4 (Renewables Now) - France’s Engie SA (EPA:ENGI) has signed a 10-year power purchase agreement (PPA) to supply wind power from its Spanish portfolio to industrial gases supplier Air Liquide SA (EPA:AI).
News agency Europa Press reports that the energy company will supply enough power to meet 15% of the buyer's demand in Spain.
The power supplied through this PPA, which will run starting in January of 2021, is equivalent to the annual consumption of 15,000 local homes. Engie will also help Air Liquide to avoid the annual emission of approximately 250,000 tonnes of carbon dioxide (CO2).
According to Alexandre Cosquer, a member of the executive committee of Engie's Global Energy Management business unit, this agreement follows a strategy to establishing long-term alliances with large industrial groups.