ENGIE (EPA:ENGI) - ENGIE announces 650 MW of renewable energy offtake contracts with Amazon
Transparency directive : regulatory news
10/12/2020 14:01
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Press Release10 December 2020
ENGIE announces 650 MW of renewable energy offtake contracts with Amazon
Today, ENGIE announces several energy offtake contracts with Amazon for a
global renewable energy portfolio of wind and solar projects across the United
States, Italy and France totaling 650 MW. These Corporate Power Purchase
Agreements (PPAs) will exclusively rely upon renewable energy production
facilities developed by ENGIE. For ENGIE, this operation is the largest
portfolio of agreements signed at once with a single counterparty.
These projects align with Amazon's goal to power its operations with 100%
renewable energy by 2030 and reach net zero carbon by 2040. They also
demonstrate ENGIE's expertise across the green energy value chain, from the
construction and operation of renewable energy plants, to the sale of energy to
industrial customers. In 2019, ENGIE was the #1 global seller of clean energy
Corporate PPAs and signed over 2,000 MW mostly in the US but also in Europe,
notably in Spain.
In the United States, Amazon's new renewable energy solar and wind projects
with ENGIE represent 569 MW in Delaware, Kansas, North Carolina, Ohio and
Virginia. They will supply Amazon with approximately 1,850 GWh of power and
with the associated project renewable energy credits (REC's) annually. During
construction, ENGIE will create approximately 300 jobs at each wind facility
and 210 jobs at each solar facility. Projects are expected to reach commercial
operation in 2021 through 2022.
In Europe, Amazon's total contracts with ENGIE add up to 66 MW in Italy and 15
MW in France, and are the company's first utility-scale renewable energy
projects in each country. Amazon will purchase renewable energy from two solar
facilities located in Southern Italy and another in Southern France to power
its European operations.
"These new projects with ENGIE represent our first utility-scale renewable
energy projects in Italy and France in Europe and our first projects in
Delaware and Kansas in the United States. They substantially help us on our
path to powering our operations with 100 percent renewable energy by 2030,"
said Nat Sahlstrom, Director, Amazon Energy. "Working with ENGIE, we are able
to add 650 MW of new power to grids in the US and Europe. Our push for more
renewable energy is one step toward our goal of reaching net-zero carbon by
2040 as part of Amazon's commitment to The Climate Pledge."
"These contracts demonstrate ENGIE's capabilities to commercialize green energy
internationally for our customers, and in North America - as elsewhere - we
recognize that bold commitments are needed from global companies and local
communities alike to lead the way to clean energy use," said Gwenaëlle
Avice-Huet, ENGIE's Executive Vice President in charge of the Renewables
Business Line and CEO of ENGIE North America. "We are excited to work with
Amazon to create a clean, prosperous, low carbon future - and create economic
benefits for the communities involved."
About ENGIE
Our group is a global leader in low-carbon energy and services. Our goal is to
accelerate the transition towards a carbon-neutral world by reducing power
consumption and providing the most environmentally aware solutions, com- bining
financial profitability with a positive impact on people and the planet. We
apply our key businesses (gas, renew- able energy, services) to provide
competitive solutions for our clients. Our 170,000 employees, clients, partners
and stakeholders represent a community of Imaginative Builders, committed to a
more balanced daily progress.
Business volume in 2019: EUR60.1 billion. The group is listed in the Paris and
Brussels (ENGI) exchanges and is also included in the top financial indices
(CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe), as
well as non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris
- World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).
Media Contacts for Amazon:
aws-pr@amazon.com
ENGIE HQ Press contact:
Tel. France: +33 (0)1 44 22 24 35
Email: engiepress@engie.com
ENGIEpress
Investor relations contact:
Tel.: +33 (0)1 44 22 66 29
Email: ir@engie.com
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