The French company, which already operates gas-fired power plants in the Gulf, faces fierce competition from energy rivals that have been tapping the region’s growing demand for clean power.
French utility Engie is seeking to gain foothold in renewable energy markets in Saudi Arabia and the United Arab Emirates, which are holding big tenders for wind and solar farms to diversify their energy sources.
“The Gulf region has a serious potential” with “very large auctions”, Francois-Xavier Boul, Engie’s managing director for renewables in the Middle East and North Africa regions, said in an interview on Thursday. Winning projects in the region is part of Engie’s strategy to accelerate its growth in renewables, he said.
