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Chilean Steel Producer CAP inks 15 Year Renewables PPA with Engie

Steel News - Published on Fri, 26 Jun 2020

Image Source: CAP Engie Renewable Energy
Engie Energia Chile SA has signed an agreement to supply 100% renewable power to a unit of Chilean steel and mining giant Grupo CAP SA. Under the agreement, the Chilean subsidiary of France’s Engie SA will supply 420 GWh per year to power Compania Siderurgica Huachipato SA, also know as CAP Acero, located in Talcahuano in Biobio region. 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.

In addition to this contract, CAP said it has an interest in maintaining a working relationship with Engie to consider several energy optimisation and efficiency projects in the future, it noted.

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Posted By : Yogender Pancholi on Fri, 26 Jun 2020
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