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IEEFA
Platts: One of first states to enact an energy storage target, Massachusetts, received its largest utility-scale energy storage system Tuesday when ENGIE and Holyoke Gas & Electric launched a 3 MW/6 MWh system connected to a solar farm near Boston. Located adjacent to the former 136-MW Mt. Tom oil- and coal-fired power plant 90 miles […]
IEEFA
Renewables Now: French energy group Engie SA and compatriot STOA have established a joint venture (JV) that will aim to deploy over 2 GW of wind power capacity in India in the next five years. The equally owned venture will target both onshore and offshore wind projects under tenders by the Indian government and by […]
Press Release
Shutdown would be in line with corporate responsibility commitments, prevent rivals from gaining market share, and signal that utility giant “is part of the solution” to Germany's coal phase-out plans
Sept 4, 2018 (IEEFA) — The French multinational energy company Engie would be better off closing its three coal-fired plants in Germany than selling them, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The authors of the report see Engie best protecting its position in the German electricity […]
IEEFA
Energy Storage News: French utility Engie and German energy storage firm sonnen have signed a strategic partnership to offer a package of solar and energy storage to households in France. The ‘My Power’ package is already available and Engie has identified 3 million customers in France living in detached houses that are conducive to using […]
IEEFA
Bloomberg News: Engie SA is closing its coal-fired power plants in Chile after deciding there was little point in trying to sell them. The French power company plans to replace the capacity with renewable energy and will announce more details in the coming weeks, according to Philip De Cnudde, Engie’s chief executive officer for Latin […]
Gerard Wynn
Phase-out Plans Combined With the Rise of Renewables and the Impact of Improved Efficiency Put Old Electricity-Production Models at Risk
In announcing plans to shut all coal-fired power plants by 2030, the new government of the Netherlands sent a dramatic signal to electricity markets today that no investment in coal-fired power in Europe is safe. The Dutch statement is especially significant given that the Netherlands itself has only recently commissioned three of Europe’s newest coal-fired […]
IEEFA report: Benefits to Engie from closing three German coal-fired power plants would outweigh any gains from selling them
Shutdown would be in line with corporate responsibility commitments, prevent rivals from gaining market share, and signal that utility giant “is part of the solution” to Germany's coal phase-out plansSept 4, 2018 (IEEFA) — The French multinational energy company Engie would be better off closing its three coal-fired plants in Germany than selling them, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The authors of the report see Engie best protecting its position in the German electricity […]