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26 Apr 2024

Engie to Invest up to 4 Bln Euros in Belgium to Boost Renewables

26 Apr 2024  by reuters   

The logo of Engie is seen during the company's annual general shareholders meeting in Paris, France, April 26, 2023. REUTERS/Sarah Meyssonnier/ File photo Purchase Licensing Rights
French energy company Engie (ENGIE.PA), opens new tab plans to invest up to 4 billion euros ($4.3 billion) in Belgium by 2030, the company announced on Thursday, with renewable power generation, mainly wind power, identified as a priority.

The firm, which also runs Belgium's nuclear plants and has close to 3 million customers in the country, said it is targeting installing wind power capacities of 2 gigawatts, split evenly between onshore and offshore projects.

The company also said it was investing in its new Flemalle gas power plant - planned to start service next year - and expanding its power storage infrastructure to allow for more flexibility.

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