Engie (EU:ENGI)
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By Patrick Costello
Engie SA (ENGI.FR) said Thursday that it entered into a 50-year strategic alliance with Australia's Springfield City Group to turn the Greater Springfield area into a net zero-energy city.
The French energy group will make investments in renewable-energy generation and storage infrastructure, district energy schemes, green mobility services, digital technology, energy efficiency initiatives and a research-and-innovation center under the alliance, Engie said.
Springfield City Group is the master planner of the rapidly growing Greater Springfield region in Queensland, Australia.
The two partners' aim with the alliance it to ensure the six suburbs that make up the Greater Springfield community generate more energy than they consumer by 2038, Engie said. Greater Springfield's working and residential population is forecast to triple over the next 20 years.
Write to Patrick Costello at Patrick.Costello@dowjones.com.
(END) Dow Jones Newswires
December 06, 2018 03:57 ET (08:57 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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