ENGIE awarded a 40 MW solar power project in Peru

March 2, 2016

Through its subsidiaries Enersur and Solairedirect, ENGIE has won a 40 MW solar power project, part of the 4th nationwide call for tenders launched in Peru and involving a total of 185 MW capacity.

This performance, in the context of a very selective bidding procedure, reflects the highly competitive price offered by the two ENGIE subsidiaries: USD 48.50/MWh.

These tariff levels confirm a steady decline in Peru’s solar power prices, which are setting records in South America.

Construction of the solar power installation Intipampa in the South of Peru is scheduled for completion in 2017. The contract provides for commercial operation over a period of 20 years.

With this new project, ENGIE continues its solar power growth dynamic in South America. Through its subsidiaries, the Group already has two solar power plants in the north of Chile and one in Panama. Today’s success also follows on the 230 MW won jointly in November 2015 by its Tractebel Energia and Solairedirect subsidiaries in Brazil.

ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 154,950 people worldwide and achieved revenues of € 69.9 billion in 2015. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (Eurozone 120, Europe 120 and France 20).

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