Engie commits to offshore wind
The French firm is moving decisively away from its gas roots
The sheer awfulness of the pun that saw France’s incumbent gas firm GdF Suez become Engie (because natural gas has the initials NG, geddit?!)—made even worse by the Elengy and Storengy subsidiaries that went in the same direction but had the -gie/-gy spelling variation—has lessened somewhat with five years of familiarity. This is, perhaps, useful as Engie diversifies even further away from gas. Offshore wind is a focus for the firm going forward. The shift makes sense in terms of changing priorities both in its home market and abroad. “There has to be a move away from gas” if France is serious about meeting its 2050 target of carbon neutrality, says Alun Davies, senior director at consultanc
Also in this section
3 May 2024
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist