in a time of turmoil
France-based ENGIE has targeted having renewable energy resources account for 58% of its energy mix by 2030, up from 28% in 2019, Gwenaelle Avice-Huet, CEO of ENGIE North America, said during a recent S&P Global Platts webinar.
We are not only talking about the energy transition, we want to be a leader and to play an active role and that means we are ready to take very bold decisions in terms of business opportunitiesGwenaelle Avice-Huet, CEO, ENGIE
Over the past three years ENGIE divested "massively" from thermal power generation assets, exploration and production of oil and gas and LNG, she said. The company divested $16 billion from those sectors and invested it in renewable energy and energy efficiency.
As part of that effort, ENGIE sold 1.3 GW of clean energy to corporations in 2019 through power purchase agreements, with 1 GW sold in the US. These clients want to consume clean energy and that momentum is "critical"Gwenaelle Avice-Huet, CEO, ENGIE