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Engie relies on renewable energy in Spain

2021-11-11T20:44:30.641Z


The group is continuing its transformation by purchasing Eolia Renovables, a Spanish wind power champion.


Engie continues its march towards green energies.

The French gas company and Crédit Agricole Assurances have just bought Eolia Renovables, one of the largest producers of renewable energy in Spain.

The amount of the transaction was not disclosed.

But Bloomberg, which quotes local media, specifies that it could have exceeded 2 billion euros.

Read also

Engie wants to overtake EDF in renewable energies

In Spain, Eolia Renovables develops, builds and operates solar and wind energy production sites.

The group is well placed to take advantage of the Spanish energy-climate plan, one of the most ambitious in Europe.

This plan targets a renewable energy consumption of 32% by 2030 (against 20% in 2020), the commissioning of 55 GW of additional renewable capacities and the decarbonization of the entire energy sector. electricity by 2050

.

The operation will allow Engie, in full transition to green energies, "

to achieve its objective of 50 GW of renewable capacities by 2025

", indicates the group.

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Source: lefigaro

All business articles on 2021-11-11

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