•  
  •  
  •  

Engie launches new renewables offering for small to midsize clients in US

The Live Oak wind farm in Texas. Source: Engie SA

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)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription