Renault accelerates the decarbonization of its plants

The Renault group has announced that it is accelerating the decarbonization plan for its plants in France through three forward-looking partnerships.

Share:

The Renault group has announced that it is accelerating the decarbonization plan for its plants in France through three forward-looking partnerships.

A decisive step

For Renault, this new stage is taking shape thanks to three partnerships that will enable the energy transition: Voltalia, Engie and Dalkia. The Renault Group and Voltalia sign the largest long-term renewable electricity supply contract in France. With a capacity of 350MW, this contract will represent the production of approximately 500GWh per year by 2027.

With a duration of 15 years, this is an unprecedented commitment in France in terms of power. This agreement will enable Renault to cover up to 50% of the electricity consumption of its production activities in France. Voltalia will install photovoltaic panels on French territory for a capacity of 100MW from 2025.

This agreement will cover Cléon’s electrical activities as well as the entire sustainable electricity needs of the ElectriCity cluster. It is the largest and most competitive electric vehicle production center in Europe. In addition, a geothermal project unprecedented in Europe will be launched at the Douai site.

A strategic partnership

It is a partnership between the electricity supplier Engie and the Renault group. This large-scale project is part of a Heat Purchase Agreement (HPA) with the objective of supplying the plant with low-carbon heat. The goal is to replace 70% of its gas needs from local and renewable sources.

At the end of 2023, Engie will start drilling work on the Douai plant to extract hot water (130-140°C) at a depth of 4,000 meters so that the system can be commissioned by 2025. The water will then be returned to its natural environment. Once implemented, this geothermal technology would provide nearly 40MW of continuous power.

Dalkia, part of the EDF Group, will supply decarbonated heat to the Maubeuge plant. This solution is made possible by the installation of a biomass boiler and heat recovery systems on the site. With a capacity of 15 MW, this boiler should enable the plant to cover 65% of its gas needs from local and renewable sources by 2025.

TotalEnergies is selling half of a 604 MW Portuguese energy portfolio to the Japanese consortium MM Capital, Daiwa Energy and Mizuho Leasing for €178.5mn, retaining operation and future commercialisation of the assets concerned.
Q ENERGY France secures a bank financing of €109 million arranged by BPCE Energeco to build four new energy production facilities, totalling 55 MW of wind and solar capacity by the end of 2024.
Shell announces amendment of two annual reports after notification by Ernst & Young of non-compliance with SEC auditor partner rotation rules; however, financial statements remain unchanged.
The Financial Superintendency of Colombia approves an amendment to Ecopetrol’s local bonds and commercial paper program, enabling issuance of sustainable, indexed, or in-kind repayable instruments.
ABO Energy is selling its subsidiary ABO Energy Hellas and an energy project portfolio of approximately 1.5 gigawatts to HELLENiQ ENERGY Holdings, thus refocusing its strategic resources towards other markets, notably Germany, without major financial impact anticipated for 2025.
BHP has signed contracts with COSCO Shipping to charter two ammonia-powered Newcastlemax bulk carriers, primarily for transporting iron ore between Western Australia and Northeast Asia starting from 2028.
CBAK Energy and Anker Innovations jointly launch a battery cell manufacturing facility in Malaysia, with a commercial potential estimated at $357 million, further strengthening their strategic partnership in the lithium-ion battery sector.
German energy group Badenova plans to invest $4.64 billion in its energy networks and capacity by 2050, including $232 million committed from 2025, according to the company's recently published annual financial results.
ORIX announces the sale of the majority of its stake in Greenko to AM Green Power and commits a new USD 731mn investment in the Luxembourg-based AMG holding, confirming its strategic repositioning in next-generation energy.
Invenergy seals four further contracts with Meta to supply nearly eight hundred megawatts of solar and wind power to the group’s data centres, lifting total cooperation between the two companies to one point eight gigawatts.
Pedro Azagra leaves his role as CEO of Avangrid to become CEO of Iberdrola, while Jose Antonio Miranda and Kimberly Harriman succeed him as CEO and Deputy CEO respectively of the American subsidiary.
The US investment fund Ares Management enters Plenitude's capital by acquiring a 20% stake from Eni, valuing the Italian company at 10 billion euros and reinforcing its integrated energy strategy.
ENGIE secures a contract to reduce Airbus' industrial emissions in France, Germany, and Spain, targeting an 85% decrease by 2030 through various local energy infrastructures.
Alain Rhéaume, Chairman of Boralex’s Board of Directors for eight years, will leave his position by December, following the appointment of his successor by the governance committee of the Canadian energy group.
Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
EDF merges EDF Renouvelables and its International Division into EDF power solutions, led by Béatrice Buffon, to optimise its global 31 GW low-carbon energy portfolio and strengthen its international positioning.
TotalEnergies announces a strategic partnership with Mistral AI to establish a dedicated innovation laboratory integrating artificial intelligence tools aimed at enhancing industrial efficiency, research, and customer relations.
The Energy Transitions Commission warns of economic risks tied to growing protectionism around clean technologies, while calling for global consensus on carbon pricing.
Baker Hughes has reached an agreement to sell its precision sensor product line to Crane Company for $1.15bn, thereby refocusing its operations on core competencies in industrial and energy technologies.
American conglomerate American Electric Power sold 19.9% of two transmission subsidiaries to KKR and PSP Investments, raising $2.82bn to support its five-year $54bn investment plan.