Engie signed a 15-year PPA in Mexico to supply renewable energy to steel producer, Gerdau. The Group is developing a 130MW photovoltaic plant in Sonora, northern Mexico composed of approximately 400,000 solar panels, which will provide Gerdau with a 100% clean and economic source of energy for its industrial processes.
The Group also signed a power purchase agreement with Santiago de Chile airport operator, Nuevo Pudahuel, to supply 100% certified renewable energy which will reduce the airport's CO2 emissions by 35,700 tons per year. Under the 16-year agreement, Engie will supply the airport with 105GWh per year of green electricity to meet all its power needs.
Philip De Cnudde, CEO of Engie Latin America, said: "These two contracts clearly illustrate our strategy to deliver renewable energy to B2B customers as part of our customer solutions offer in Latin America."
Pierre Chareyre, Engie Executive Vice-President, in charge of the Business Units Global Energy Management and Latin America, said: "Engie is very proud to be tapping into the nascent green corporate PPA market and to deliver clean energy directly to its customers. These two new agreements are fully aligned with the Group's strategic objective to pursue the development of renewable energy projects and to reinforce its presence in Latin America, a region with high growth perspectives."