Business

Engie Energia Chile to supply 100% renewable power to Grupo CAP

Engie Energia Chile has signed an agreement to supply 100% renewable power to a unit of Chilean steel and mining giant Grupo CAP. Under the agreement, the Chilean subsidiary of France’s Engie will supply 420 GWh per year to power Compania Siderurgica Huachipato (CAP Acero), located in Talcahuano. With this PPA, which will run for 15 years starting in 2021, Engie Chile will help CAP Acero’s industrial plant to avoid the annual emission of approximately 2.5 million tonnes of carbon dioxide, equivalent to planting more than 386,000 trees.

Source: SteelGuru

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