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Engie marks its exit from coal by 2027

2021-02-26T18:49:41.463Z

The energy company closed a year 2020 marked by exceptional charges. Always a step further towards the constitution of a group oriented towards renewable energies and gas networks. This is the teaching of the publication of the 2020 results of the energy company Engie. "We are continuing to set Engie in motion, with an ambitious and differentiating development in renewables," Catherine MacGregor, the new CEO of the group , explains to Figaro . Read also: The great



Always a step further towards the constitution of a group oriented towards renewable energies and gas networks.

This is the teaching of the publication of the 2020 results of the energy company Engie.

"We are continuing to set Engie in motion, with an ambitious and differentiating development in renewables,"

Catherine MacGregor, the new CEO of the group

, explains to

Figaro

.

Read also:

The great race of Total, Engie and EDF in renewables

With the health crisis linked to Covid-19, Engie reduced its investments from 7.1 to 4 billion euros between 2019 and 2020. They made it possible to develop 3 GW of solar and wind capacity, and to acquire 2 GW additional , mainly in hydropower.

Investments should approach 6 billion euros this year, largely devoted to renewables.

In 2021, 3 GW of new capacities in this area are planned.

To go further on the renewable side, Engie has taken a radical decision.

"We have decided to get out of coal by

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Source: lefigaro

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Business 2021-02-26T18:49:41.463Z

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