Engie said it's planning to spend $912m ( €800m ) Eyes cost reduction to parity with natural gas London — France's Engie plans to invest Eur800 million ($902 million) over the next five years in the development of green gases as it looks to support a French government target of at least 10% green gas penetration by 2030. 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 5 . Engie said that with partners it would spend € 2bn to produce 5 TWh per year by 2030 . CEO Isabelle Kocher made the claims at the opening of a biogas plant in France set to produce 2030 GWh of biomethane per year. Europe ’s gas industry is working to maintain a role for gas. French firm Orsted claimed that 10% of the country’s gas was already green.
Engie said it's planning to spend $912m ( €800m ) 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 5 . Engie said that with partners it would spend € 2bn to produce 5 TWh per year by 2030 . CEO Isabelle Kocher made the claims at the opening of a biogas plant in France set to produce 2030 GWh of biomethane per year. Europe ’s gas industry is working to maintain a role for gas. French firm Orsted claimed that 10% of the country’s gas was already green.