Engie Signs Hourly Matched Renewable Supply Deal With Legrand for 2029 to 2031
Engie has signed an hourly matched electricity supply agreement with Legrand that pledges to cover the French industrial group's consumption with renewable generation 70% of the time, according to pv magazine.
The contract runs from 2029 to 2031, with Engie supplying Legrand from a portfolio of renewable generating assets spread across several production sites, pv magazine reported.
Engie says the arrangement is the first of its kind in France. Certification for the offtake agreement rests on the international EnergyTag standard, according to pv magazine.
Hourly matching differs from conventional annual-volume renewable contracts by requiring generation and consumption to line up within the same hour rather than netting out across a year. The 70% figure is the share of hours Engie has committed to cover under the agreement, per pv magazine.
Sébastien Hubau, managing director of Engie's business-to-business activities worldwide, called the contract a "real milestone".
Source: pv-magazine.com (opens in a new tab)1 sourcePermalink