Brief: ENGIE EPS Enters Contract Negotiations With Hawaiian Electric

Nhoa SA

25/05/2020 07:28

May 25 (Reuters) - ENGIE EPS SA  EPS.PA :
    * ENGIE AWARDED A 60 MW(AC) SOLAR PLUS 240MWH BATTERY
STORAGE ON
HAWAI'I ISLAND AND WILL NOW ENTER CONTRACT NEGOTIATIONS WITH
HAWAIIAN ELECTRIC
    * PROJECT WILL HELP HAWAI'I MEET ITS MANDATES OF 100%
RENEWABLE
ENERGY AND NET-NEGATIVE EMISSIONS BY 2045
    * ENGIE EPS WILL SUPPLY BATTERY STORAGE SYSTEM AND ACT AS A
FULL
STORAGE SOLUTION PROVIDER AND SYSTEM INTEGRATOR
    * PROJECT EXPECTED TO BE ONLINE IN 2023 BUT DEPENDING ON
LENGTH OF
ECONOMIC DISRUPTION CAUSED BY COVID-19 PANDEMIC, DELAYS IN
BRINGING PROJECTS ONLINE ARE POSSIBLE
    * ENGIE AND OTHER DEVELOPERS WILL NOW ENTER INTO
NEGOTIATIONS WITH
HAWAIIAN ELECTRIC TO REACH AN ACCEPTABLE 25-YEAR POWER PURCHASE
AGREEMENT

Source text for Eikon:  ID:nBwbFYRDsa 
Further company coverage:  EPS.PA 

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