ENGIE acquires biomethane producer

French utility company ENGIE announced that it has acquired biomethane producer Vol-V Biomasse.

ENGIE claims that it now has a portfolio of nearly 80 projects, thus supporting its aim of producing 5TWh per year of biomethane by 2020.

In November 2018, Bioenergy Insight reported that ENGIE has revealed that its total investments into biogas by 2030 were going to total €2 billion.

 “We are extremely proud to welcome VoL-V Biomasse’s employees to our Group”, said Isabelle Kocher, ENGIE’s CEO.

“Biomethane is an essential component of France's future energy mix. It is an excellent new sector that will create value and jobs in France”.

According to ENGIE’s end-of-year results, over 70% of its energy mix is made up of renewable energies.