The company last year said it would sell off €15bn ($15.99bn) in non-renewable power assets over the next three years, including coal- and gas-fired power plants, and would replace them with €22bn in renewable power systems, energy services such as heating and cooling networks, and decentralized energy technologies.
In Australia, the company has now tendered for an unspecified number of large-scale solar power plants, with proposals due in early February. The move comes as Engie prepares to shut down its loss-making Hazelwood coal-fired power plant in Victoria state. à‚
An Engie spokesperson was quoted as saying that the firm aims to “take 100 per cent ownership” of the Australian solar power projects.
In Senegal, Engie has signed an agreement with the country’s National Renewable Energies Agency to accelerate the development of renewables in the country, with the first phase aiming to deploy solar photovoltaic (PV) systems to 11,000 residential properties.
The next phase of the agreement will involve Engie’s “participation in an industrial cluster to promote renewable energies, particularly by professional training actions and strengthening the local industrial network,” the company said in a statement.
And in France, Engie has won a contract to develop a 25 km geothermal heating network in Bordeaux which aims to serve 28,000 households. The Plaine Rive Droite geothermal project is planned to supply 82 per cent of the heating demand for four Bordeaux neighbourhoods.