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Engie plans to strengthen its renewable capacity with an investment of €24bn by 2027

Engie aims to accelerate its growth through 2030 by investing in renewable energy, batteries, and electrical grids, with a target of 95 GW of installed capacity by 2030.

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Engie, the French energy group, has announced an ambitious plan to strengthen its capabilities in renewable energy, batteries, and electrical grids. The objective is to reach 95 gigawatts (GW) of installed capacity by 2030, compared to 51 GW at the end of 2024. To achieve this, Engie plans to invest between €21bn and €24bn over the next three years, prioritising technologies that enable massive electrification and decarbonisation of global economies.

Targeted investment in renewables and storage

Engie’s investments will primarily focus on the renewable energy and storage sectors, accounting for around 75% of the allocated funds. In 2024, the group added 4.2 GW of renewable capacity, bringing its total portfolio to 46 GW. Furthermore, it recorded significant growth in the storage sector, with more than 5 GW either operational or under construction by the end of 2024. These investments aim to meet the growing demand for decarbonised electricity and position Engie as a key player in the energy transition.

Financial performance and forecasts for 2025

The group has revised its forecasts for 2025 following strong results in the renewable sector in 2024. However, overall revenue fell by 10.6% to €73.8bn due to a drop in energy prices and reduced market volatility. The renewable sector, on the other hand, saw a 7.3% increase in its operating profit, driven by exceptional hydrological conditions in France and Portugal as well as a strong contribution from new capacities commissioned, particularly in the United States and Europe.

Consolidation and de-risking of the group

Alongside its expansion in renewables, Engie has worked to reduce risks related to its nuclear operations. The group received approval from the European Commission at the end of February 2025 for an agreement with the Belgian government to extend the operation of two nuclear reactors in Belgium until 2035. This decision allows Engie to “de-risk” by securing the operation of its nuclear facilities in the region while enabling the company to focus on growth in renewable energy.

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