May 30 (Renewables Now) - French energy group Engie (EPA:ENGI) will set up a research centre in Brazil to act as the company's regional hub for innovations in wind, solar, biogas and hydrogen projects as well as new technologies for Smart Cities.
The Brazilian unit of Engie has already signed memorandums of understanding (MoUs) with the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) and the Santa Catarina government.
Engie Lab Brasil will be the company's second one in South America after the one in Chile, which opened in 2014. The Brazilian lab is expected to be completed by the end of this year. The research centre will step up Engie's investments in Research, Development and Innovation (R&D&I) in Brazil, which currently amount to about BRL 15 million (USD 4m/EUR 3.5m) per year, the company said.
Engie Lab projects will be developed in partnership with research entities, companies and startups. It will focus on schemes that contribute to the company's new business or improve the solutions already offered by the group in Brazil and worldwide. "There is the prospect of exporting innovations and technologies developed in Brazil," said Mauricio Bahr, CEO of Engie Brasil.
(BRL 1 = USD 0.27/EUR 0.23)