Engie to invest up to 4 billion euros in Belgium to boost renewables
Reuters
Published Apr 25, 2024 14:02
PARIS (Reuters) - French energy company Engie 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.
($1 = 0.9345 euros)
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Written By: Reuters
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