ENGIE wins 25 photovoltaic projects in France, nearly 230 MW out of the 720 MW awarded

LA DÉFENSE, France, 07-Sep-2018 — /EuropaWire/ — As part of the fourth session of the fourth call for solar tenders organised by the Energy regulatory commission, “CRE 4-4”, ENGIE, through its ENGIE Green, LANGA and Compagnie Nationale du Rhône subsidiaries, has won 25 photovoltaic projects in France, nearly 230 MW out of the 720 MW awarded.

This is a new record of wins for the same operator. The Group was placed top in the 4 first sessions of the CRE4 call for tenders with nearly 550 MW won in all. ENGIE thereby confirms its position as solar leader in France with already 1,000 MW of installed capacity.

With an average price for this session of €52.1/MWh (on large ground-based power plants), ENGIE is demonstrating its ability to win highly competitive projects over the whole country (including Brittany, Vienne, Morbihan, Alsace) and in all families (with winning projects from 1 MW to 27 MW, for ground-based and canopy power plants). The selected projects have all been developed in consultation with local stakeholders and will, as a priority, use local suppliers. They will be set up only on non-agricultural land, for the most part degraded, thus allowing it to be rehabilitated and creating new activities.

In 2017, a third of the megawatts connected in France came from an ENGIE installation. To more firmly establish its leadership position, ENGIE is counting on strong organic growth as well as on targeted acquisitions. ENGIE has thus acquired the Breton company LANGA recognised for its know-how on roofs and ground-based plants. The Group’s target is to achieve 2.2 GW of installed solar capacity in France by 2021.

“With this new record, ENGIE is once again showing its great dynamism and leadership in this fast-growing sector. It is through concrete and tangible results that we will be able to respond to the major challenges of the energy transition and thereby contribute to harmonious progress in France.”stated Gwenaëlle Huet, CEO ENGIE France Renewables.

As a responsible actor of the solar sector, ENGIE, a member of the Board of Directors of the organisation for recycling photovoltaic panels, “PV cycle”, is committed to preparing the future renewal of solar panels and the possible dismantling of the farms.

Solar leader in France with 1,000 MW of installed capacity, ENGIE is also the No. 1 actor of terrestrial wind power in France with more than 1,800 MW of installed capacity (and a target of 3 GW by 2021), and the primary alternative hydraulic power producer with over 3,800 MW installed at the end of 2017.

About ENGIE

We are a global energy and services group, focused on three core activities: low-carbon power generation, mainly based on natural gas and renewable energy, global networks and customer solutions. Driven by our ambition to contribute to a harmonious progress, we take up major global challenges such as the fight against global warming, access to energy to all, or mobility, and offer our residential customers, businesses and communities energy production solutions and services that reconcile individual and collective interests. Our integrated – low-carbon, high-performing and sustainable – offers are based on digital technologies. Beyond energy, they facilitate the development of new uses and promote new ways of living and working. Our ambition is conveyed by each of our 150,000 employees in 70 countries. Together with our customers and partners, they form a community of imaginative builders who invent and build today solutions for tomorrow.2017 turnover: 65 billion Euros. Listed in Paris and Brussels (ENGI), the Group is represented in the main financial (CAC 40, BEL 20, Euro STOXX 50, STOXX Europe 600, MSCI Europe, Euronext 100, FTSE Eurotop 100, Euro STOXX Utilities, STOXX Europe 600 Utilities) and extra-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). To learn more : www.engie.com

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SOURCE: ENGIE