Engie to Conduct Two Virtual Auctions to Purchase Production from Renewable Energy Plants, Such as Wind and Solar Parks, in Long-Term Contracts

Written by Roberta Souza

Published on 17/09/2020 at 11:34

Foto: reprodução. Fonte: Engie

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Renewables – Engie Will Buy Renewable Energy from Producing Plants in Long-Term Contracts Through Electronic Auction

The company that operates in the generation and distribution of electricity, natural gas, and renewable energy, Engie, will hold two electronic auctions to acquire future production from renewable energy plants in long-term contracts. The auctions will take place in October on the 13th and 15th. The company did not disclose how much energy it intends to contract in the bids.

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Engie is keeping up with the new trend in the energy market in Brazil, competing with state-owned companies like Cemig and Copel, by purchasing energy from plants to be built by third parties. The company stated in a note that they will seal contracts for supply lasting 5 and 15 years. Engie did not disclose how much energy it intends to acquire in the auctions.

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Engie to Conduct Two Virtual Auctions to Purchase Production from Renewable Energy Plants, Such as Wind and Solar Parks, in Long-Term Contracts

Renewables – Engie Will Buy Renewable Energy from Producing Plants in Long-Term Contracts Through Electronic Auction

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Engie to Conduct Two Virtual Auctions to Purchase Production from Renewable Energy Plants, Such as Wind and Solar Parks, in Long-Term Contracts

Renewables – Engie Will Buy Renewable Energy from Producing Plants in Long-Term Contracts Through Electronic Auction

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China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

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