ENGIE and partners acquire hydroelectric portfolio for €2.2 billion
Topics: ENGIE HYDROELECTRIC
The hydroelectric portfolio has a generation capacity of 1.7 GW with a weighted average remaining concession term of 45 years, and includes three newly commissioned pump storage units along with three recently repowered run-of-river plants.
ENGIE, as the industrial partner for the consortium, will operate and maintain the hydroelectric portfolio and also provide energy management services. ■