Weekly renewables M&A round-up (May 16-20)
May 20, 2022 17:01 CESTSeptember 1 (Renewables Now) - French energy group Engie SA (EPA:ENGI) has signed an agreement with Google LLC to supply the tech giant’s operations in Germany with round-the-clock carbon-free electricity from wind and solar farms, the duo announced in a joint statement.
Under the so-called 24/7 carbon-free energy supply agreement, Engie will put together and negotiate a 140-MW renewables portfolio to deliver clean power to Google for three years. The contract also covers, among others, the provision of comprehensive energy management services including sourcing of residual supply, balancing pool management, grid management, on the part of Engie, the statement reads.
The agreement is meant to ensure that Google’s operations in Germany are nearly 80% carbon-free by 2022.
“This contract illustrates how ENGIE developed innovative solutions to meet its customers’ specific needs: the Group can ensure 24/7 renewable energy supply either by building assets or by sourcing the power from different existing plants, thanks to its global energy management activities,” said Paulo Almirante, senior executive vice president in charge of renewable and global energy management activities at Engie.
The chase for 24/7 carbon-free energy supply is one of Google’s more recent commitments to reduce and eliminate emissions produced by its data centres and campuses. The company says it wants its operations to run on clean power every hour, every day, everywhere by 2030.
Weekly renewables M&A round-up (May 16-20)
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