ENGIE obtains four renewable projects for a total of 687.8 MW*
ENGIE, the world leading independent power producer, strengthens its presence in the Mexican renewable energy market, by obtaining four projects in the Long Term Electricity Auction organized by Mexico’s National Center for Energy Control (CENACE).
It represents the supply of 687.8 MW of renewable energy and an investment of 580 million dollars to develop of these four new awarded projects.
Projects details :
Isabelle Kocher, CEO of ENGIE commented: "We are very excited about the results obtained in this auction. We are pleased to contribute to develop the participation of clean energies in Mexico. By 2020, ENGIE Mexico will have invested close to 800 million dollars in renewable power generation, with approximately 900 MW of capacity. Our ambition is strong, it is in line with the draw of ENGIE to be a leader of energy revolution".
This new success of ENGIE in Mexico add to the achievements of the First and Second Electric Auction of 2016 where the Group obtained three renewable energy projects with a generation capacity of 209 MW, and investments of 215 million dollars. The three projects are currently under construction.
ENGIE in Mexico manages a range of energy businesses including natural gas distribution, natural gas transport, electricity generation, cogeneration, and energy services to homes, commercial, industrial customers. ENGIE in Mexico, it’s six natural gas distribution companies that serve more than 450,000 customers; three natural gas transport companies which operate over 1,300 km of pipelines. In power generation, the Company operates two power plants with 375 MW of capacity.
ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised. The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development. ENGIE is active in around 70 countries, employs 150,000 people worldwide and achieved revenues of €66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris - World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).