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ENGIE sees clean energy transition continuing after coronavirus impacts subside

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ENGIE sees clean energy transition continuing after coronavirus impacts subside

ENGIE is committed to the energy transition to cleaner power generation resources, and while the coronavirus pandemic will present challenges to US clean energy development in 2020, the company sees the US renewable energy industry as well positioned for recovery.

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 opportunities

Gwenaelle 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 

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