Engie’s Power-Hungry Clients Help Ride Out Renewables Inflation
- Clients are accepting more-expensive clean power, CEO says
- French utility wants to double its renewable capacity by 2030
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French utility Engie SA said it can ride out price increases for solar panels and wind turbines because big customers are willing to pay more for long-term supplies of clean power.
The Ukraine war and continuing China lockdowns are amplifying concerns about energy security and the transition away from fossil fuels. Supply-chain disruptions and higher costs for raw materials already were prompting turbine manufacturers such as Siemens Gamesa Renewable Energy SA and solar panel makers to raise prices.