Engie said it's planning to spend €800m ($912m) developing green gases including biomethane, power-to-gas and hydrogen in the next five years to help the French government meet a target of 10% green gas by 2030. The Eur10 million BGB plant inaugurated Friday will produce minimal volumes -- just 23 GWh or 2.4 million cu m/year -- of biomethane through the processing of mainly agricultural by-products of plant origin. The company is also investing more than €1bn into renewable energy projects over the same period. CEO Isabelle Kocher made the claims at the opening of a biogas plant in France set to produce 23 GWh of biomethane per year. Europe’s gas industry is working to maintain a role for gas. Danish firm Orsted claimed that 10% of the country’s gas was already green.
Engie said it's planning to spend €800m ($912m) developing green gases including biomethane, power-to-gas and hydrogen in the next five years to help the French government meet a target of 10% green gas by 2030. The company is also investing more than €1bn into renewable energy projects over the same period. CEO Isabelle Kocher made the claims at the opening of a biogas plant in France set to produce 23 GWh of biomethane per year. Europe’s gas industry is working to maintain a role for gas. Danish firm Orsted claimed that 10% of the country’s gas was already green.