Gwenaëlle Avice-Huet, Executive Vice President of ENGIE, and Thierry Kalfon, Managing Director of the Renewables Global Business Line, will review ENGIE’s new Renewables Global Business Line during an investor seminar to be held in London today. Investors and analysts will be updated on market dynamics, and ENGIE’s mission, strategy and capabilities in renewable energy.
ENGIE will further elaborate on the targets presented at the Capital Markets Day on 28 February 2019:
Summing up the seminar, Gwenaëlle Avice-Huet, said: “There is a huge growth potential on the global renewables market and ENGIE is in a unique position to capture this to deliver value. Our Renewables business has a strong momentum and is on track to reach the targets announced at the Capital Markets Day”.
In line with its strategy focused on leading the zero-carbon transition globally, ENGIE is steadily scaling its expertise in complex, multi-source, profiled power purchase agreements (PPAs) and 24/7 green energy flows to meet the increasing demand from global companies and local authorities. ENGIE is also significantly advancing its strategy in next generation renewable platforms including offshore wind and green gas. By 2021 the Group will have 50% of new renewable projects dedicated to specific customers while simultaneously becoming a leading corporate PPA supplier and the world leader in 24/7 green PPAs.
1 Middle of the range of EUR2.3 – EUR2.5bn
2 DBSO – Develop Build Share Operate
3 DBOO – Develop Build Own Operate
4 DSBO – Develop Share Build Operate
5 CAGR – Compound Annual Growth Rate