ENGIE signs two corporate renewable PPAs in Latin America

French global energy and services group ENGIE signed a 15-year power purchase agreement (PPA) in Mexico to supply renewable energy to steel producer, Gerdau and  a 16-year power purchase agreement with Santiago de Chile airport operator, Nuevo Pudahuel, to supply 100% certified renewable energy, under which ENGIE will supply the airport with 105 GWh per year of green electricity to meet all its power needs.

ENGIE is developing a 130 MW photovoltaic plant in Sonora, northern Mexico composed of approximately 400 000 solar panels, which will provide Gerdau with a 100% clean and economic source of energy for its industrial processes. With the construction of this new solar farm in Mexico, set to be operational at the end of 2019, ENGIE will exceed 1000 MW of renewable energy generation capacity in the country in operation or in construction.

These two contracts follow other agreements ENGIE signed in Latin America in the last 12 months with companies in different markets: food, consumer goods, telecommunications, banking, services and construction. In this way, the Group advances in its strategy of increasing the availability of sustainable solutions that contribute to harmonious progress.

Philip De Cnudde, CEO of ENGIE Latin America, said:

“These two contracts clearly illustrate our strategy to deliver renewable energy to B2B customers as part of our customer solutions offer in Latin America.”

Pierre Chareyre, ENGIE Executive Vice-President, in charge of the Business Units Global Energy Management and Latin America, said:

“ENGIE is very proud to be tapping into the nascent green corporate PPA market and to deliver clean energy directly to its customers. These two new agreements are fully aligned with the Group’s strategic objective to pursue the development of renewable energy projects and to reinforce its presence in Latin America, a region with high growth perspectives.”

ENGIE’s Latin America Business Unit is active in power generation and transmission, gas transportation and distribution and energy supply and services. The Group is currently accelerating the development of solar and wind renewable capacities and is committed to developing innovative energy solutions while strengthening its activities in distributed generation and green mobility.

Source: Press Release by ENGIE.