from ENGIE (EPA:ENGI)
Google and ENGIE strengthen their partnership through Power Purchase Agreements in Belgium
Press release 2 July 2024
Google and ENGIE strengthen their partnership through Power Purchase Agreements in Belgium
Google and ENGIE have just signed a series of new Corporate Power Purchase Agreements (cPPAs) for which ENGIE will provide more than 118 MW of renewable power to Google’s digital infrastructure portfolio in Belgium.
ENGIE, a global reference in low-carbon energy and services, will support the operations and the expansion of Google in Belgium, thanks to five new cPPAs. Both companies have longstanding cooperation in the country, and had already concluded several cPPAs together in various countries in the last years.
Aiming to achieve net-zero emissions and 24/7 carbon-free energy by 2030, Google will receive the full production of 4 new-to-the-grid onshore wind farms developed by ENGIE in Belgium, representing a total capacity of 26 MW. Moreover, Google and ENGIE also agreed to extend the existing offtake from the 92MW cPPA from another Belgian wind park already in operation for another 8 years. ENGIE will therefore be supplying Google with more than 118 MW of renewable capacity to power its infrastructure in Belgium. This is equivalent to around 3.7 TWh of carbonfree energy.
These news deals foster ENGIE’s pole position on the PPA market. ENGIE became the largest developer of renewable projects to the attention of corporates as the Group sold 2.4GW of green electricity to industry and large energy consumers in 2023. Last year, ENGIE announced 34 deals across six markets and was the only developer to announce PPAs for these three technologies:
solar, onshore wind and offshore wind.
As announced in its #ENERGIZE2030 strategy in Belgium, the ambition of ENGIE in the country is to lead the energy transition by building up with its customers and partners the carbon-free, reliable and affordable energy system of tomorrow. To achieve this, ENGIE will, among other things, accelerate the development of renewables up to 2.5GW by 2030, but also draw on its unmatched capabilities as a global mid-streamer to deliver low carbon energy to its clients.
Vincent Verbeke, CEO of ENGIE Belgium,said: “We are delighted to partner with the reference corporates of the tech industry, and in particular with Google, as most players of the sector are accelerating widely the development of their infrastructure and stepping up their purchasing programs for carbon-free energy. As the top developer for clean energy cPPAs worldwide, we are proud to contribute to the economic feasibility of new investments for renewable projects while supporting the operations and the investments of energy-intensive industries, as well as their local anchorage.”
Frederic Descamps, Google’s Data Center Lead in Belgium added: “Sustainability has been one of Google’s core values since its founding. We’re pursuing net zero emissions across our operations and value chain by 2030, supported by an ambitious clean energy goal to operate our data centers and office campuses on 24/7 carbon-free energy. Our ambition to make a positive impact in every grid that we operate in can be met working closely with leading energy companies such as ENGIE, a long term partner for Google in Belgium, sharing similar commitments to our sustainable goals.”
About ENGIE
ENGIE is a global reference in low-carbon energy and services. With its 97,000 employees, clients, partners and stakeholders, the Group strives every day to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions. Inspired by its purpose statement, ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its clients. Turnover in 2023: €82.6 billion. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris - Europe 120 / France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).
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