Advertisement
Canada markets closed
  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CAD/USD

    0.7308
    -0.0006 (-0.08%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • Bitcoin CAD

    87,774.71
    +832.59 (+0.96%)
     
  • CMC Crypto 200

    1,334.10
    +57.12 (+4.47%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     
  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     
  • FTSE

    8,213.49
    +41.34 (+0.51%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Engie to invest up to 4 billion euros in Belgium to boost renewables

Engie holds annual shareholders meeting in Paris

PARIS (Reuters) - French energy company Engie plans to invest up to 4 billion euros ($4.3 billion) in Belgium by 2030, the company announced on Thursday, with renewable power generation, mainly wind power, identified as a priority.

The firm, which also runs Belgium's nuclear plants and has close to 3 million customers in the country, said it is targeting installing wind power capacities of 2 gigawatts, split evenly between onshore and offshore projects.

The company also said it was investing in its new Flemalle gas power plant - planned to start service next year - and expanding its power storage infrastructure to allow for more flexibility.

($1 = 0.9345 euros)

(Reporting by Tassilo Hummel; Editing by Sudip Kar-Gupta)