Engie still sees strong US appetite for renewables

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Engie still sees strong US appetite for renewables

//business-finance.news-articles.net/content/202 .. till-sees-strong-us-appetite-for-renewables.html

Published in Business and Finance on Tuesday, February 4th 2025 at 7:01 GMT by Reuters

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

French power group Engie still sees strong appetite in the U.S. for renewable energy projects and expects the country to remain an integral part of the company's portfolio, Executive Vice President Edouard Neviaski said on Monday.

2025-02-04 248 x 130 / 7927 Bytes

The article from Reuters discusses Engie SA's perspective on the U.S. renewable energy market. Engie, a French energy company, remains optimistic about the U.S. demand for renewable energy despite challenges like high interest rates and supply chain issues. CEO Catherine MacGregor highlighted that the U.S. Inflation Reduction Act (IRA) has significantly boosted the sector by providing tax credits and incentives, which are expected to drive growth in renewable energy projects. Engie plans to invest heavily in solar, wind, and battery storage, aiming to capitalize on the supportive legislative environment. MacGregor also noted that while there are short-term hurdles, the long-term outlook for renewables in the U.S. remains very positive, with the company planning to expand its operations and investments in the region.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/energy/engie-still-sees-strong-us-appetite-renewables-2025-02-03/ ]