French gas and power group Engie expects that half of its new renewable energy projects in 2019-2021 will come from power purchase agreements (PPAs) with companies or municipalities.

As costs and subsidy levels for wind and solar drop, a growing number of government renewable energy projects are being awarded through competitive bidding.

Engie and other renewable energy developers are increasingly signing PPA contracts with big companies and cities.

Engie expects to develop some 4.5 gigawatts of renewables projects through PPA contracts over the three-year period – out of a total development portfolio of 9 GW – as those contracts become more profitable.

Editorial Team
The Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with data and insights to deliver useful news updates. We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to positively impact the world. Send us a tip via hello @ pvbuzz [dot] com.

A new solar device can turn saltwater into clean drinking water

Previous article

Natural Resources Canada seeks proposals for study to identify energy storage market demand

Next article

You may also like


Comments are closed.

More in News