ENGIE Expands in India with Renewable Energy Trading, Corporate PPAs, and Green Ammonia Plans
French energy giant ENGIE is expanding in India’s renewable sector, focusing on corporate power purchase agreements (PPAs), power trading, and green ammonia exports. It recently launched its Supply & Energy Management operations to help businesses cut costs and meet sustainability goals.
Executive VP Edouard Neviaski highlighted India’s growing demand for decarbonization and ENGIE’s goal to be among the top three corporate PPA providers. The company secured a power trading license in December 2024 and is active in exchanges and bilateral trades.
ENGIE also plans to source green ammonia from India for European buyers and develop advanced renewable solutions, including round-the-clock green energy projects. With 2.3 GW of solar-based renewable projects, ENGIE aims to further support India’s clean energy transition.
ENGIE Expands in India with Renewable Energy Trading, Corporate PPAs, and Green Ammonia Plans
French energy giant ENGIE is strengthening its presence in India’s renewable energy sector by launching new strategies to help businesses reduce energy costs and meet sustainability goals. The company recently introduced its Supply & Energy Management division in India, focusing on three key areas: customized corporate power agreements, electricity trading, and green ammonia exports. This initiative aligns with India’s push for cleaner energy and ENGIE’s global mission to drive sustainable solutions.
Customized Corporate Power Agreements
Many Indian companies are actively working to lower their carbon footprint, and ENGIE aims to support this transition by offering tailored corporate Power Purchase Agreements (PPAs). These agreements enable businesses to secure long-term access to renewable energy at stable prices, facilitating a shift away from fossil fuels.
Edouard Neviaski, ENGIE’s Executive Vice President for Supply & Energy Management, emphasized that these PPAs are designed to meet the specific needs of each company, whether they require solar, wind, or hybrid energy solutions. Already a leading corporate PPA provider worldwide, ENGIE aims to become one of the top three players in India. By replicating its success in markets like Europe and the U.S., the company hopes to help Indian industries decarbonize efficiently.
Expanding into Power Trading
In December 2024, ENGIE secured a license to trade electricity in India, marking its official entry into the country’s power trading sector. The company is now active on Indian power exchanges and engages in direct deals with businesses.
Neviaski highlighted that ENGIE’s experience in boosting market liquidity—ensuring smoother buying and selling of energy—in regions like Europe and Japan will benefit India’s growing renewable sector. By improving market efficiency, ENGIE aims to stabilize prices and make renewable energy more accessible to a broader range of consumers.
Green Ammonia for Global Markets
Another major focus for ENGIE is green ammonia, a clean fuel produced using renewable energy. India’s abundant solar resources make it an ideal hub for manufacturing this product, which ENGIE plans to export to European countries.
Green ammonia is gaining traction as a sustainable alternative for industries such as shipping and agriculture, aligning with Europe’s stringent climate goals. By investing in green ammonia projects, ENGIE supports India’s renewable energy expansion while positioning itself as a key supplier in the global green energy supply chain.
Innovative Solutions for Round-the-Clock Renewable Power
To address the challenge of intermittent solar and wind power, ENGIE is developing advanced projects that provide 24/7 renewable energy. These initiatives integrate solar, wind, and storage technologies to ensure a continuous power supply, even during periods of low sunlight or wind activity. Such projects are particularly vital for industries requiring uninterrupted energy, such as manufacturing and data centers.
Existing Projects and Future Goals
ENGIE already operates 2.3 gigawatts (GW) of renewable energy projects in India, primarily solar farms. Its new Supply & Energy Management division will also assist businesses in selling excess energy generated from their renewable installations, such as rooftop solar panels, to other buyers. This approach not only maximizes the use of clean energy but also strengthens India’s power grid by adding more decentralized sources.
Conclusion
ENGIE’s expansion in India highlights its confidence in the country’s renewable energy potential. By offering flexible corporate PPAs, enhancing power trading, and investing in green ammonia, the company is positioning itself as a key player in India’s transition to sustainable energy. With its global expertise and focus on innovation, ENGIE aims to help Indian businesses and international markets achieve their climate targets while driving economic growth.