October 25 (Renewables Now) - Engie Resources, part of French energy group Engie SA’s (EPA:ENGI) North American arm, on Thursday presented a new solution that provides renewable energy supply to small and midsize customers.
Called portfolioRE, this solution offers predictable renewable physical energy supply via traditional retail supply contracts as well as renewable energy certificates (RECs). It can support the construction of new plants or be tied to existing local assets. The contracts under portfolioRE can have terms of five to ten years and come with fixed prices.
The company named the 200-MW Live Oak wind farm in San Angelo, Texas, as one of the options from which customers in ERCOT can source power.
At present, Engie has about 2,500 MW of wind and solar parks in operation or under construction in the US. The French group plans to invest almost USD 3 billion (EUR 2.7bn) in order to add some 9 GW of fresh renewable energy capacity by 2021, half of which is already dedicated to specific customers, it said.
(USD 1.0 = EUR 0.899)