Soregies’ commitment to renewable energy is a vibrant testimony to its determination to shape a sustainable future. Indeed, this 500 million euro investment plan, scheduled for 2024-2026, is a bold initiative to accelerate the transition to clean energy sources. In addition, a third of this budget is allocated to modernizing and digitizing electricity distribution networks, with the aim of achieving greater flexibility and efficiency. The remaining two-thirds are devoted to renewable energy production, a fast-growing sector that represents the future of the world’s energy supply.
Strategic partnership with ISB
The renewed partnership with the European Investment Bank (EIB) underlines Soregies’ importance in the European energy landscape. This second loan of 250 million euros, following on from an initial operation in 2017, is a sign of confidence and recognition of Soregies’ efforts to promote ecological transition. However, support from the European Union’s InvestEU program amplifies the impact of this funding, illustrating a fruitful collaboration between the private sector and public institutions to achieve ambitious climate goals.
Impact and Long-Term Vision
Soregies’ goal of producing at least 1,000GWh of electricity by 2030 is more than just a figure; it’s a transformative vision for the future of energy. In addition, EIB funds will facilitate the acquisition or construction of 44 photovoltaic and wind farms, with a total capacity of 307MW, mostly developed in cooperation with local authorities. This approach demonstrates Soregies’ commitment to a local sourcing strategy, bringing together its energy production and supply activities.
Soregies’ investment, supported by the InvestEU program, is a decisive step towards achieving the 2030 Agenda for Sustainable Development and the Paris Climate Agreement. The importance of this funding goes beyond the energy transition; it represents a significant contribution to global efforts to combat climate change. Soregies’ initiative, backed by the EIB, is an exemplary model of collaboration for a greener, more sustainable energy future.
