Engie to develop 2 GW renewable energy portfolio and total exit from coal by 2025 in Chile
Post date: 04/05/2021 - 10:53
French energy multinational Engie SA aims to develop in Chili a 2 GW renewable energy portfolio by 2025. This includes 1 GW newly announced in addition to 1 GW committed at the end of 2019. To date 0.6 GW is already under construction.
Furthermore, the Group reaffirmed its commitment of closing six units (0.8 GW) of coal capacity, including two facilities already closed in 2019, and the conversion of the three newest units (0.7 GW) to gas or biomass by 2025.
The entire plan involves an investment of €1.5 billion ($1.8 billion) by 2025. According to Engie, »this initiative is part of the Group's ambition to achieve carbon neutrality by 2050 at the latest.«
Engie has also reaffirmed its commitment to developing green hydrogen production: HyEx, in collaboration with Enaex to develop green ammonia; Hydra, to promote truck mobility in the mining sector; and an initiative with Walmart that will involve the use of 149 cranes powered by green hydrogen.