Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTMay 12 (Renewables Now) - Engie SA (EPA:ENGI) announced on Thursday that it has been awarded a contract to install around 60 MWp of solar panels for French car parts maker Faurecia SE (EPA:EO) at its sites in 14 countries.
The scope of the contract spans installation works at Faurecia locations in Brazil, the Czech Republic, France, Germany, Hungary, India, Mexico, Morocco, The Netherlands, Poland, Romania, Slovakia, South Africa and the United Kingdom, the French utility group said.
The news came as Engie’s Portuguese peer EDP - Energias de Portugal SA (ELI:EDP) made a separate announcement that it won a contract to install 100 MWp of on-site solar panels at Faurecia’s locales in different markets. Both utilities were selected through a tender process that Faurecia prepared and executed in collaboration with accounting major KPMG.
Engie said that it will provide, install, operate and maintain the solar panels on behalf on the customer. The car parts company will procure the solar energy under 15-year power purchase agreements (PPAs).
All on-site projects are due to be in operation by the end of 2023.
Faurecia has set the target to make its industrial operations carbon neutral in terms of scope 1 and scope 2 emissions by 2025.
Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTCorio, Jera ready Formosa 3 for Taiwan offshore wind auction
Jul 01, 2022 16:12 CESTCost of new renewables climb, but gap to fossil power widens
Jul 01, 2022 16:07 CESTGermany opens public consultation on offshore wind development plan
Jul 01, 2022 15:48 CESTEast Energy, utility to use green H2 to decarbonise district heating in Brandenburg
Jul 01, 2022 15:43 CESTBiden pledges to take action as court limits EPA's authority
Jul 01, 2022 15:38 CEST